Annual Report 2021

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100
Years
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NOTICE OF MEETING Notice is given that the annual meeting of shareholders of Mainfreight will be held at
4.00pm on Thursday, 29 July 2021 in the Level 4 Lounge, South Stand, Eden Park, Reimers Avenue, Kingsland,
Auckland, New Zealand. Full details, including the Meeting Agenda, are contained in the separate Notice of
Meeting and Explanatory Notes accompanying this report, and are also available on the Company’s website,
www.mainfreight.com, or by scanning the QR code to the left.
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Contents	Contents
	6 PERFORMANCE Key Achievements 2021 8 Chairman’s Report 12 Group Managing Director’s Report 22 Initiatives & Learnings 24 Five-Year Road Map 26 10-Year Snapshot of Growth 28 OUR BUSINESS Our Global Network 30 Operating Statistics 32 Technology 34 Capital Expenditure 36 PEOPLE AND COMMUNITIES Our People 52 Environment, Social and Governance 56 Mainfreight in the Community 58 GOVERNANCE AND LEADERSHIP Corporate Governance Statement 62 Global Leadership Team 68 Directors’ Report 70 Our Board of Directors 75 FINANCIAL Income Statement 76 Statement of Comprehensive Income 77 Balance Sheet 78 Statement of Changes In Equity 79 Cash Flow Statement 80 Notes To Financial Statements 107 Auditor’s Report 110 Statutory Information / Interests Register 113 Five Year Review 114 GRI Content Index 116 Glossary 117 Directory

Contents

6
PERFORMANCE
Key Achievements 2021
8
Chairman’s Report
12
Group Managing
Director’s Report
22
Initiatives & Learnings
24
Five-Year Road Map
26
10-Year Snapshot
of Growth
28
OUR BUSINESS
Our Global Network
30
Operating Statistics
32
Technology
34
Capital Expenditure
36
PEOPLE AND
COMMUNITIES
Our People
52
Environment, Social
and Governance
56
Mainfreight in
the Community
58
GOVERNANCE
AND LEADERSHIP
Corporate Governance
Statement
62
Global Leadership Team 68
Directors’ Report
70
Our Board of Directors
75
FINANCIAL
Income Statement
76
Statement of
Comprehensive Income 77
Balance Sheet
78
Statement of
Changes In Equity
79
Cash Flow
Statement
80
Notes To Financial
Statements
107
Auditor’s Report
110
Statutory Information /
Interests Register
113
Five Year Review
114
GRI Content Index
116
Glossary
117
Directory

PERFORMANCE Key Achievements: 2021

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FINANCIAL BUSINESS AND PEOPLE
GROUP OPERATING REVENUE TEAM MEMBERS
3.54 b
$ 9,240
14.5% 609
GROUP PROFIT BEFORE TAX [PBT] BRANCHES
262.4 m 297
$
27.2% 15
GROUP NET PROFIT BEFORE ABNORMALS COUNTRIES
188.1 m 26
$
NO CHANGE ... FOR NOW
27.1%
NET PROFIT TOP 500 CUSTOMERS
NZ vs OFFSHORE USING MULTIPLE DIVISIONS
OFFSHORE OFFSHORE * TRANSPORT / WAREHOUSING / AIR & OCEAN
62.9% 57.9%
50
40
41%
39%
30
32% 31%
29% 28%
2021 2020 20
10
0
3 Divisions 2 Divisions 1 Division
NZ 37.1% NZ 42.1% 2021 2020 2021 2020 2021 2020
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COUNTRIES
26
NO CHANGE ... FOR NOW
TOP 500 CUSTOMERS
USING MULTIPLE DIVISIONS
TRANSPORT / WAREHOUSING / AIR & OCEAN
50
40
41%
39%
30
32% 31%
29% 28%
20
10
0
3 Divisions 2 Divisions 1 Division
2021 2020 2021 2020 2021 2020
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FINANCIAL SEGMENTS

RETURNS AND RATIOS

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REVENUE BY DIVISION NZ$m TOTAL DIVIDEND
PAID AND PROPOSED
2000
1500
75
cps
1000
27.1%
500
0 ADJUSTED EARNINGS PER SHARE
Transport Warehousing Air & Ocean
2021 2020 2021 2020 2021 2020 187
cps
27.1%
PBT BY DIVISION NZ$m
150
AVERAGE ANNUAL RETURN ON INVESTMENT
120
LAST 10 YEARS
90
60 27.9 %
30
0 GEARING RATIO
Transport Warehousing Air & Ocean
2021 2020 2021 2020 2021 2020 8.4 %
REVENUE BY REGION NZ$000
A record
EUROPE AUSTRALIA
$743,905 $939,340 result achieved
ASIA
$155,392
in a challenging
environment.
AMERICA NEW ZEALAND
$859,647 $845,554
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PERFORMANCE Chairman’s Report

Our global teams can be proud of their performance.

BRUCE PLESTED, Chairman

Mainfreight’s successes of the past year belong, more than in any other year, to the efforts of our team: working women and men, store workers and drivers, and those directly involved in successfully moving, warehousing and delivering our customers’ products.

We are grateful for the efforts of our teams, particularly in the USA and Europe, who overcame significant obstacles, and found ways of satisfying our customers’ freight requirements when Covid-19 was affecting so many borders, often while colleagues were unable to work through sickness and/or restrictions.

Our global teams in Transport, Air & Ocean and Warehousing can be proud of their performance during the pandemic.

However, we cannot rest. We must consider the poorer countries of the world – many of which in no way have Covid-19 under control. As developed nations, we must find ways to help these countries in fighting the disease, and in the rebuilding of global society that must follow.

The effects of this pandemic will be with us for many years.

I would now like to repeat my comments from the 2020 AGM in the hope of more people agreeing or disagreeing.

Climate change, together with the Covid-19 virus, creates challenges that the world has not faced in living memory. The years ahead are what all of us as individuals, businesses, governments and countries must successfully deal with.

Fresh drinkable water is one of the world’s climate change challenges, and one of our most valuable

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and yet neglected commodities in big and small cities in almost all countries.

It may be that the business community in many parts of the world could be part of the solution to permanently alleviate local water shortages – in both volume and quality.

The answer begins with businesses collecting all the rainwater that falls on the roofs of their facilities.

Mainfreight already does this in most of its facilities in Australia and New Zealand, and the water is used for toilet flushing, irrigation and truck washing.

“That’s why our trucks always look so clean.”

What we are now in the process of doing – starting in our New Zealand branches at Kaitaia, Whangarei and Tamaki Makaurau – is purifying the water so that it can fulfil all our needs, i.e. showers, cafeterias and drinking water, irrigating gardens, lawns, toilet flushing and truck washing.

Using the principles of “Ready Fire Aim” many businesses with a large roof could begin this process themselves, just as many are installing solar panels to conserve electricity.

Councils could consider making it compulsory for new commercial buildings to be self-sufficient for water, and it may be that larger buildings could supply local smaller premises, or even apartment blocks and schools.

Apart from becoming self-sufficient in fresh drinkable water, smaller businesses will develop to keep roofs cleaner, develop downpipe diversions for cleaning, develop, install and regularly clean filters, and test water quality.

Our 100-year course

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NW NE
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Know and stay true to the course.

OUR FOUNDING VALUES, STRATEGIES AND DEEPSEATED CULTURE ARE EMBEDDED IN OUR PEOPLE AND OUR BUSINESS.

PAULA PERKINS, CROMWELL, NEW ZEALAND

PERFORMANCE Chairman’s Report

The only long-term solution to poverty is education. All of us must make this a goal.

We have become more conscious, in recent times, of poverty and particularly its effect on families. The great book “Roots” from Alex Haley published in 1976 contained a famous line… “Education is the enemy of poverty”.

This is one of the most common sayings seen on Mainfreight trucks. We believe so much in education, particularly for the less well-off. Having spent some time with headmasters and teachers, here is what they are saying:

“New entrants’ literacy standards have declined over 25 years. This is when they enter pre-school, primary school, secondary school and university.”

“New teacher graduates have not been taught how to teach reading and maths, and are failing.”

“Some schools are attempting to develop new methods of teaching literacy, some with a return to phonics.”

“We are hugely disappointed with New Zealand’s educational outcomes.”

There are plenty of statistics about New Zealand’s declining educational achievements. These are two alarming ones:

Year 5 Reading 2001-2016: Progress in International Reading Literacy Study (PIRLS)

New Zealand has gone from 13th place in the world to 30th, out of the 41 countries participating in the PIRLS.

Year 5 Maths 2019: Trends in Mathematics & Science Study (TIMSS)

New Zealand placed 30th out of 32 OECD countries in the 2019 TIMSS.

New Zealand is often criticised for low productivity growth. With so many people remaining uneducated and accepting it, and the low living standards which result, it is quite clear why more and more are living in poverty. Poor education has a negative effect on productivity growth and on society, and limits the lives and possibilities of the uneducated.

The only long-term solution to poverty is education. All of us must make it a goal to drive the importance of education with our own businesses, families and society – because presently New Zealand is on a very slippery slope.

“EDUCATION IS THE ENEMY OF POVERTY”

Our thanks to all our loyal customers, and the many new ones we have made in the past year. We appreciate the understanding from so many that our service has been less efficient than we would wish – with unexpected volumes, shipping and airline delays, and escalating prices.

Some shipping delays are not yet solved, but generally our domestic transport and airfreight are returning to more normal standards.

The individual effort put in by so many of our global team has been outstanding, and while the pandemic is not yet over, we must continue to fight against it and its consequences for as long as it takes.

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BRUCE PLESTED JUNE 2021

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11
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NAME NAME AND NAME NAME SVEN VAN ALMENKERK, ' S-HEERENBERG, THE NETHERLANDS– NEW ZEALAND
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PERFORMANCE Group Managing Director’s Report

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DON BRAID, Group Managing Director

It is March 2020; the likelihood of a global pandemic is real. New Zealand is about to head into a four-week Level 4 lockdown. Our Asian operations have already experienced restrictions during the preceding month, and our regional operations in Australia, the Americas and Europe appear to be heading into a similar lockdown environment.

The world’s economists are predicting a global financial meltdown. Our people and our customers are looking for direction.

How do we react?

Our response was unequivocal: look after our people, look after our customers, guard our cash, and embrace the opportunities that arise.

Supporting our decision were the strength of our balance sheet, good cash flows, and our decentralised leadership structure, which allowed our people the freedom to respond and manage the pandemic restrictions, and to maintain our customer relationships. We were quickly able to react and adapt to the changing situation.

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GROUP NZ$m
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REVENUE PBT
3,543.8
3,095.4
262.4
206.3
2021 2020 2021 2020
REVENUE 14.5%
PROFIT
BEFORE TAX 27.2%
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AUSTRALIA AU$m

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REVENUE PBT
877.2
756.8
71.5 48.8
2021 2020 2021 2020
REVENUE 15.9%
PROFIT
BEFORE TAX 46.6%
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AMERICAS US$m

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REVENUE PBT
576.9
493.3
25.9
20.0
2021 2020 2021 2020
REVENUE 17.0%
PROFIT
BEFORE TAX 29.7%
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NEW ZEALAND NZ$m

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REVENUE PBT
845.6
752.9
97.8 87.7
2021 2020 2021 2020
REVENUE 12.3%
PROFIT
BEFORE TAX 11.5%
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EUROPE EU€m
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REVENUE PBT
427.5
401.4
22.4 18.1
2021 2020 2021 2020
REVENUE 6.5%
PROFIT
BEFORE TAX 23.4%
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ASIA US$m

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REVENUE PBT
104.3
61.4
7.0 3.4
2021 2020 2021 2020
REVENUE 69.9%
PROFIT
BEFORE TAX 107.9%
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PERFORMANCE Group Managing Director’s Report

The effectiveness of our approach, with the spirit and support shown by the Mainfreight team and our customers, can be seen in the record financial and operational results detailed within this report.

We are proud of this record result, achieved in an uncertain and difficult trading and economic environment.

Sales revenues exceeded $3.5 billion for the first time, as all five regions experienced improved sales growth through a mix of organic and market share increases, as customers, both new and well-established, experienced strong consumer demand. This was particularly apparent across the six largest customer verticals that are a focus for our network – Food & Beverage, DIY, FMCG, Chemicals, Technology & Electronics, and Medical & Healthcare.

Higher international shipping and air freight rate increases have inflated revenues in the Air & Ocean division.

Profit before tax improved 27.2% to $262.41 million, and net profit before abnormals was up 27.1% to $188.11 million.

Another aspect of the past year has been the congestion that has impacted global supply chains, with high freight rates and, crucially, reduced capacity across both air freight and sea freight modes. Our teams across the world have worked tirelessly, across time zones, to secure space for our customers.

Despite our best efforts, at times this has meant disappointment when airline and shipping company performance has faltered. In our efforts to find solutions during this period, we were able to facilitate in excess of 46 air charters across our network, and as this report goes to print, our first ever ship charter has made its way to New Zealand from China.

The international congestion has also overflowed into domestic economies, particularly in New Zealand and Australia. Pre-Christmas volumes in 2020 were at record levels, and at times resulted in congestion within our own branch network. While we managed to hold service levels to the best of our ability, there were times when we did not meet our usual quality standards, and for this we apologise to affected customers. For the most part, customer expectations were compromised when our infrastructure was overwhelmed by volume that left us unable to meet demand and deadlines.

The decision taken early in the pandemic to reduce capital expenditure on planned Transport sites has delayed completion of much-needed capacity. Just Levin, Gore and our much-admired Tauranga facility, were completed in New Zealand during the 2021 financial year. In Australia, we were able to open two Warehouses and new Transport branches in Sydney and Tamworth, while also extending our Chemcourier network.

As a consequence of the increased customer demand experienced, we have initiated a number of land and building projects in Australia and New Zealand, which will require significant capital expenditure. An estimated $338 million over the next two years will be required.

Further network development in leased sites will also be undertaken, and will include new locations across our global network, but within our existing country footprint.

This initiative to increase the density of our network, or to “fatten the network”, remains a key strategy. We now have 297 operating branches across our three core products of Transport, Warehousing and Air & Ocean. Extending our network to more countries (currently 26), remains under consideration until international travel can safely resume.

Sustainability and decreasing our carbon footprint on the planet is a key objective. All new buildings will have solar power and water collection (to drinking water standard), as well as ongoing initiatives of recycling (wood, glass, food waste, cardboard, etc), rain gardens, and electric lifting equipment for all our sites across the world.

Trials of electric delivery vehicles have begun. Within this report you will also see our carbon measurement statistics, which include our audited direct and indirect carbon emissions. Unlike some in the industry, we are wanting to measure our total carbon footprint, and make efforts to reduce both direct and indirect components. Offsets do not figure in our strategy as these are more “green-washing” in our view; we prefer to invest in real solutions to reduce carbon output wherever possible.

Trading post-year end has seen the trends of the past year continue.

Despite the reduction in service quality as volumes increased, the performance of our people during what were, at times, periods of frenetic activity, was outstanding.

We are well-positioned from those lessons to continue to find growth, while restoring our service levels.

OUR FIRST OCEAN CHARTER VESSEL AT AUCKLAND PORT, NEW ZEALAND

PERFORMANCE Group Managing Director’s Report

New Zealand

Our New Zealand team has delivered a pleasing result, particularly when weekly sales revenues declined 40%+ in April 2020, as New Zealand managed its way through the restrictions of pandemic-enforced lockdowns.

Consumer demand across our main customer verticals saw increased supply chain activity. Our Transport network came under increasing pressure as the demand for freight grew throughout the year. Pre-Christmas volumes reached record levels, as both new and established customers looked to us to assist when supply chain congestion took hold.

The Transport business required significantly more capacity, but with a reduced capital expenditure regime in place, we were limited to finalising a few projects that were well underway. Our new Tauranga facility was completed mid-year and provided welcome capacity along with new branches in Gore and Levin.

As freight volume increased and economic stability returned, our new building programme was reinstated. Planning and construction is now underway for a new facility in West Auckland, and for extensions to our Kaitaia and Whangarei sites. Land (3 hectares) has been purchased in Favona, Auckland for increased warehousing capacity, and an agreement is in place for a new facility for Owens Transport in Penrose.

It is expected that land purchases and leases will be completed in the new financial year for additional capacity in Nelson, Hastings, Cambridge, and Wellington.

Our Warehouse operation has seen increased utilisation as customers look to hold more inventory in response to supply chains being constricted. We have also had continued success attracting new customers – those where we manage the customer’s own warehousing sites, and those where we hold customer inventories at our sites allowing them to close their New Zealand operations.

The new Beach Road property in Favona will give us the opportunity to further increase our holding capacity for dangerous goods, and negotiations are underway to lease a substantial warehouse, exceeding 45,000m[2] , in South Auckland. Together, these will allow for consolidation of smaller, outdated sites, and provide space for further growth.

Our Air & Ocean business was engaged in the early days of the pandemic, in finding much-needed air freight capacity, as space normally available on passenger flights disappeared. In excess of 40 air freight charters were completed, all round-trips, many with much-needed PPE gear and medical supplies.

Sea freight capacity worldwide also tightened, with freight rates at record levels. The initiative to charter our first full vessel, from Shanghai to Auckland, was bold and

with the cooperation of the Mainfreight global network, has proved a success. The ship arrived in early May 2021 and further charters are under negotiation.

A strong focus remains on air freight capability and LCL freight consolidation to offset the delay in receiving full container supplies from manufacturers worldwide. We continue to gain new business both export and import, and as we grow our Air & Ocean network into smaller regional centres, many customers are attracted to our decentralised structure and suite of services, available to them on their doorstep.

Australia

Our Australian business has performed remarkably well, almost without missing a beat, as we continued to find growth and profitability throughout the year regardless of the lockdown status of the country. Of course, being classified as an essential service provider helped, however our growth and development within the Australian freight and logistics sector played a bigger role in achieving this very satisfactory financial performance.

Excluding the results from our smaller Asian business, Australia’s financial performance is the best across the Group, and is also the greatest year-on-year improvement that we have seen in Australia.

The performance of our people to overcome the difficulties posed by the pandemic is a large contributor to the result, and when coupled with our decentralised management approach, we have been able to readily adapt to lockdown restrictions and achieve the service levels expected by our customers.

Our regional development for the Transport business has provided better on-time freight delivery, and exposed us to a larger customer base. We have been able to extend our network further into the regions and expect to open in another five regional centres in the next 12 months. Building consents are underway for the construction of our two biggest cross-dock facilities, in South Melbourne and Adelaide, furthering our ability to target greater growth in these important freight markets.

We were able to increase our warehousing footprint during the year, opening an owned site in Melbourne and another leased site in Sydney. Further temporary sites are an interim measure to cater for growth, while two new warehouses await completion: South Melbourne at 30,000m[2] and a Moorebank leased facility of 50,000m[2] . Both sites will provide additional capacity for growth in the medium term.

As a consequence of our strategy to control the flow of freight into and out of our warehouses, the additional business generated will also benefit our Transport and Air & Ocean divisions.

Our 100-year course

N E S

We keep it simple.

WE AVOID COMPLEXITY, BUREAUCRACY AND PROCRASTINATION. ACT WITH DECISIVENESS. FOCUS ON WHAT MATTERS.

BEAU O’CONNELL, SPRINGBANK, AUSTRALIA WITH OUR CUSTOMER, MELISSA TERRY

PERFORMANCE Group Managing Director’s Report

Automation in the form of Autonomous Mobile Robots (AMR) is to be tested this year in a Melbourne warehouse site and, once proven, will be incorporated at other sites globally.

Air & Ocean’s growth mirrors that of our other global locations; our strategy of moving freight between Mainfreight-serviced regions benefits both sending and receiving branches, and enhances the performance of the network as a whole. The well-executed focus on air freight capability and LCL freight growth were highlights of the year.

Increasing trade volumes, particularly to Europe, will deliver additional growth in the coming year. The Australian export market is a key consideration for finding more market share. As with the balance of our Air & Ocean network, customer verticals in Perishable and Pharmaceuticals are of particular interest to grow in Australia.

Europe

Despite the extensive lockdowns endured by Europe, our volumes have been consistent, particularly in our Transport and Air & Ocean business units. Lower stock holdings and congested international supply chains reduced utilisation in our Warehouse operations in the first six months of the year, however volumes improved in the second half, resulting in increased revenue and profitability.

Our team in Europe has been very resilient and determined to continue to deliver improved growth and profitability.

Network intensity is a key initiative in all our global regions, not least in Europe. We have opened new branches in the United Kingdom, Romania and Italy in the past year. We expect to further this development in the 2022 year with plans to open new branches in The Netherlands, Italy, Russia, the UK and Germany.

The priority is a third domestic operation in The Netherlands to reduce operational pressure on the current sites and create more delivery efficiency by getting closer to our customers in the region. Operating more direct line-haul to and from branches in our European network is creating better and more profitable freight opportunities.

The Brexit issues between the United Kingdom and Europe have been a cause of frustration since January 2021, with freight tonnage considerably delayed as complicated Customs formalities are completed. Utilising our own customs agents has reduced delays considerably, and we expect to find more growth in this important trade-lane as a consequence.

Our Warehouse footprint across Europe now totals in excess of 330,000m[2] .

Freight from our warehouses into the Transport network accounted for 57% of all Warehouse freight volume, up from 42% in the prior year, and three large customers have renewed contracts for longer terms. We expect to increase our warehouse capacity with additional facilities in Belgium and Romania in the new financial year.

Our Air & Ocean business continues to find growth and strength, supported by our global network, and by customers within Europe who are now utilising our international services having already experienced our services in Transport and Warehousing.

Several air charters were completed during the year, and a strong focus on LCL freight and air freight development has reaped rewards. The new branches in Manchester (UK) and Barcelona (Spain) are profitable and growing. Our Russian presence has provided acceptable returns, and it is our expectation that this will develop further as European and world trade with Russia increases, particularly air freight development.

Shipping space shortages continued to affect our ability to ship on time for our customers; our loyal relationships with shipping lines not assisting as much at this time as we would like.

We continue to update our Technology infrastructure in Europe, replacing dated hardware and software. The refresh of Warehousing and Transport systems are due for completion this year, as is our hardware upgrade, which will provide improved stability, security and flexibility.

Growth opportunities are abundant as we intensify and strengthen our European network, particularly in our chosen customer verticals.

The Americas

Exceptional performance from our Air & Ocean division has bolstered the result from our operations in the Americas, despite the United States being the country that was more disrupted due to Covid-19 than any of our other locations.

Strong demand from existing customers and market share gains provided good profit and revenue growth for our Air & Ocean business. Fortuitously, the separation of our larger Air & Ocean branches into distinct Airbased and Sea-based branches, together with the focus on sharpening our air freight skills over the past two years, has seen significant air freight growth, with both chartered flights and commitments to bulk service agreements across a number of airlines.

Warehousing capacity and utilisation increased during the year; unfortunately, an amount of inventory picked and despatched required delivery to home rather than to businesses, thus excluding our Transport network.

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VALERIA ALARCON AND SEAN BETTS, CARSON, USA
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PERFORMANCE Group Managing Director’s Report

Post-year end, a number of new customer gains will require the leasing of three additional warehouses including a site in Dallas, likely in excess of 45,000m[2] . This warehouse will also incorporate sortation automation.

Domestic Transport saw its sales revenues and profit before tax decline during the 12 month period. Extended periods of business closure saw reduced domestic freight volumes, at the same time that we completed our conversion of preferred freight type from freight forwarding, to LTL.

The focus on providing an LTL freight service will ensure better consistency of volume, “every day” freight, and will allow the faster development of our preferred customer verticals, similar to those targeted elsewhere in our network.

Establishing our key line-haul routes is almost complete, giving us our own controlled road network, thereby requiring less reliance on outside/third party operators. Branding of these line-haul vehicles continues, in an effort to attain greater visibility across the region.

We continue to see a great deal of growth opportunity within the North American market, including Canada and Mexico. It will however take time to achieve relevancy.

Our wholesale sea freight business of CaroTrans has found improvement, particularly in the latter part of the financial year, where the shortage of full container space on international trade routes forced customers to ship more part loads (LCL), with greater frequency.

CaroTrans, unlike Mainfreight, utilises an agency network and, in an effort to improve representation, several agent changes have been made in the past year including South America, Italy and Spain. Initial trading has seen an improvement in freight volumes accordingly.

Asia

Our Asian growth has provided a satisfactory result, seeing profit before tax improving 107.9%, and revenues increasing 69.9%. It is our intention to find further improvement in these markets. The likes of Vietnam, Thailand, Malaysia, Korea and Japan have significant freight volumes, and our operations in these countries have yet to maximise the opportunities to move freight to and from our other network locations.

As demand increased for product ex China, particularly early in the pandemic for PPE supplies, our volumes increased. The PPE opportunity complemented the air charter programme, allowing return journeys of aircraft to our other regional hubs.

As we achieve more maturity across the supply chains in this region, we are fielding strong enquiry from customers looking for warehousing capability, and as we drive for more imports to this region, we will see an

increased need to provide sophisticated warehousing solutions. Warehouses are likely to be located within Mainland China in the first instance, but as we find opportunity, we expect all of the nine countries where we are currently located, to be capable of providing warehousing solutions.

In line with the rest of the network, key customer verticals are our top priority and will also include pharmaceutical and perishable food development.

Fattening of the current Asian network remains a focus, in preference to spreading ourselves too thinly across the balance of the region. Travel restrictions are also a deterrent to establishing ourselves elsewhere in the short-term.

To Close

This is a significant result for the Mainfreight family. Not only have we achieved a record profit before tax of $262 million, grown revenues to exceed $3.5 billion, and a net profit of $188 million, during a tumultuous time in the world’s history; we have achieved this with success in every one of the five regions where we are located.

Our businesses outside of New Zealand are now contributing 76% of our sales revenues, and 63% of net profit.

We are creating a global business capable of providing supply chain logistics services for our customers around the world, competing with significantly larger global competitors. Our people can be very proud of the way they stood up to be counted, and were able to deliver, ahead of many others.

We are by no means completely satisfied with where we have landed at the end of this past year. Service levels need to improve, and with heavily congested supply chains affecting the world’s freight lanes, we have much to achieve on behalf of our customers. To find sufficient space with air and sea carriers to meet export and import expectations, to provide full and efficient warehousing capability, alongside quick and effective last-mile delivery across disrupted local transport networks.

We thrive on these challenges, with the full understanding that there is much more growth and opportunity available as we convince more customers to avail themselves of our services, that are delivered by a very special bunch of people. We love it!

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DON BRAID JUNE 2021

Our 100-year course

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There is no place for mediocrity.

WE HOLD OURSELVES TO ACCOUNT WITH ASPIRATIONAL PERFORMANCE GOALS, AND CONTINUALLY RAISE THE BAR.

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NAME NAME AND NAME NAME JANIS ZVAIGZNONS, ZALTBOMMEL, THE NETHERLANDS– NEW ZEALAND
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PERFORMANCE Initiatives and Learnings

Initiatives & Learnings

While we’re in the business of always looking ahead, 2020 was an extraordinary year which brought extraordinary adversity, and opportunity. These challenges have spurred us on to do more of what we do well.

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GROWTH, GROWTH, MORE GROWTH

Find and seize new opportunities in times of disruption; target high-potential sectors; set ambitious challenges for our sales teams; and cross-sell network services to existing customers.

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FATTEN THE NETWORK

There is ample runway ahead in most countries. Strategically increase network capacity and become more significant within these countries, before expanding into others.

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LOCAL PEOPLE MAKE THE BEST DECISIONS

Our people know the unique requirements and challenges of their local customers. Let them make the decisions.

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CONTINUE CAPEX MOMENTUM

To fuel our growth, continue to invest in our network facilities and people.

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INSURGENCY MINDSET

While we may be 43 years young, stay agile and entrepreneurial.

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MAINTAIN INTEGRITY

The welfare of our people and customers’ businesses comes first.

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LAUREN PETERS, EPPING, AUSTRALIA
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PERFORMANCE Five-Year Road Map

Five-Year Road Map

Our strategic focus over the next five years can be broken down into three key categories. Through sharing these aspirations with our people and shareholders, we hold ourselves to account.

FY22 FY23

		FY22	FY23
NETWORK + PROPERTY		> Branch network increased by 22 to 319 > 3 new replacement properties completed in NZ and Australia > New West Auckland site completed > Revenue at $4 billion	> Branch network increased by 25 to 344 locations > Country network increased by 6 across Europe and SE Asia > 7 new replacement property developments completed in NZ and Australia > Warehousing product launches in Asia > CaroTrans opens in Canada > US Domestic operations self-sufficient with own road line-haul
BRANDS, SERVICES + PRODUCTS		> Perishable development in US, Asia, Europe > Pharmaceutical capability increased and accreditation completed in all regions > Bulk wine activities commenced; internationally and domestically in NZ & AU > Chilled road transport network established in NZ & Australia > Top 500 customers trading across all 3 products increases to 33% > Maintel analytics product available to customers	> Perishable locations operational in Americas and Europe > Pharmaceutical development continues > Chilled domestic networks expanded in NZ and Australia > Top 500 customers trading across all 3 products increases to 34% > Warehouse automation is applied to additional sites


	ENVIRONMENT	> Launch of carbon tracking technology > Water collection to potable (drinkable) standard begins > Electric truck trials complete > Co2-e intensity factors continue to decline	> Electric delivery vehicles operating in NZ, Australia and Europe > Solar power a common feature across all new sites > Co2-e intensity factors continue to reduce; tracked per consignment for customers

FY24

Branch network exceeds 400 branches, and located in an additional 3 countries, now totalling 35
Completion of new South Melbourne facility
Our SE Asian presence increases, including Warehousing
USA Transport network intensifies across Mid-West and South-East regions
Completion of new facilities for Owens in AKL and CHH
Revenue at $5 billion
Perishable network now operating across all 5 regions
Pharmaceuticals become significant in Air & Ocean and Warehousing
Bulk liquid and beverage sector develops alongside packaged sector

FY25

Located in 40 countries
Branch network exceeds 450
India, Philippines and Indonesia form part of our Asian network
European branch network exceeds 80
Americas branch network exceeds 100
Commencement of owned facilities in Europe and US
NZ and Australia refrigerated network develops facilities
Supply chain use of all three core products increases to 36% across our Top 500 customers
Warehouse automation becomes a feature of most new warehouse builds

FY26

Located in 50 countries
Branch network exceeds 500
Revenue at $6 billion
All regions/countries have Transport, Warehousing and Air & Ocean product offerings for our customers
Top 500 customers trading across all 3 divisions increases to 35%
Canada and Mexico on Mainstreet operating platform
Co2-e intensity factors continue to decline in both direct & indirect categories
All new facilities collecting water to potable standard, and becoming self-sufficient through the use of solar power
Increased use of electric delivery vehicles in all regions
Co2-e intensity factors continue to decline
Water collection on all sites
Solar power across as many sites as possible, Americas included
Co2-e intensity factors continue to decline

PERFORMANCE 10-Year Snapshot of Growth

10-year Snapshot of Growth

These 10-year figures reflect the benefits of our increasing network intensity.

KIRAN HAYES AND PETER MCNALLY, EPPING, AUSTRALIA

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GROUP REVENUE TEAM MEMBERS
($000)
4,000,000 10,000
3,500,000
8,000
3,000,000
2,500,000 6,000
2,000,000
4,000
1,500,000
1,000,000
2,000
500,000
0 0
12 13 14 15 16 17 18 19 20 21 12 13 14 15 16 17 18 19 20 21
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GROUP PBT TOTAL BRANCHES
($000)
300,000 300
250,000 250
200,000 200
150,000 150
100,000 100
50,000 50
0 0
12 13 14 15 16 17 18 19 20 21 12 13 14 15 16 17 18 19 20 21
GROUP NET PROFIT COUNTRIES
BEFORE ABNORMALS ($000)
200,000 30
25
150,000
20
100,000 15
10
50,000
5
0 0
12 13 14 15 16 17 18 19 20 21 12 13 14 15 16 17 18 19 20 21
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OUR BUSINESS Our Global Network

Our Global Network

Our network development is focused on increasing network density within existing country footprints. While international travel remains uncertain, this strategy of ‘fattening the network’ makes us more significant in these countries and enables us to pursue greater opportunity.

EUROPE

ASIA

2,915 TEAM MEMBERS

425

TEAM MEMBERS

REVENUE: EU€427.5M 48 BRANCHES

REVENUE: US$104.3M

27 BRANCHES

BRANCHES COUNTRIES

297 26

New Zealand, Australia, USA, Canada, Mexico, Chile, China, Hong Kong, Japan, Malaysia, Taiwan, Thailand, Singapore, South Korea, Vietnam, Netherlands, Belgium, France, Germany, Italy, Poland, Romania, Russia, Spain, Ukraine, United Kingdom.

THE AMERICAS

1,131 TEAM MEMBERS

AUSTRALIA

2,142 TEAM MEMBERS REVENUE: AU$877.2M

REVENUE: US$576.9M 77 BRANCHES

62 BRANCHES

NEW ZEALAND

2,627 TEAM MEMBERS

REVENUE: NZ$845.6M

83 BRANCHES

OUR BUSINESS Operating Statistics

TRANSPORT LOADING ERRORS

TRANSPORT STATISTICS

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NEW ZEALAND
TOTAL TONNES TOTAL CUBIC METRES
2,774,940 2,533,167 7,858,481 7,248,215
2021 2020 2021 2020
TOTAL DELIVERY
CONSIGNMENTS PERFORMANCE
4,509,675 4,165,444 91.3% 93.9%
2021 2020 2021 2020
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TRANSPORT LOADING ERRORS	TRANSPORT LOADING ERRORS	TRANSPORT LOADING ERRORS	TRANSPORT LOADING ERRORS	TRANSPORT LOADING ERRORS
LOADING ERRORS PER 100 CONSIGNMENTS
	New Zealand	Australia	Americas	Europe
2017	3.74	3.93	*	-
2018	3.94	5.99		-
2019	4.93	4.07		1.94
2020	2.88	3.75		1.20
2021	3.15	3.31	2.09	1.15

Measurement of loading errors in our Americas business commenced in June 2020

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AUSTRALIA
TOTAL TONNES TOTAL CUBIC METRES
1,297,490 1,183,991 4,378,125 3,951,705
2021 2020 2021 2020
TOTAL DELIVERY
CONSIGNMENTS PERFORMANCE
1,877,304 1,706,967 92.5% 91.8%
2021 2020 2021 2020
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TRANSPORT CLAIMS

CONSIGNMENTS FOR 1 CLAIM

CLAIMS NEW ZEALAND	CLAIMS NEW ZEALAND
2017	529 consignments
2018	498 consignments
2019	528 consignments
2020	607 consignments
2021	623 consignments

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AMERICAS CLAIMS AUSTRALIA
TOTAL TONNES TOTAL CUBIC METRES 2017 4,725 consignments
225,348 235,440 2018 2,952 consignments
1,511,190 NOT 2019 2,943 consignments
AVAILABLE
2021 2020 2021 2020 2020 1,380 consignments
2021 2,053 consignments
TOTAL DELIVERY
CONSIGNMENTS PERFORMANCE
270,313 282,657 92.3% 94.2% CLAIMS AMERICAS
2017 1,000 consignments
2021 2020 2021 2020 2018 408 consignments
2019 404 consignments
EUROPE
2020 833 consignments
TOTAL TONNES TOTAL CUBIC METRES 2021 515 consignments
3,362,464 3,747,615 9,784,363 10,795,050 2017 was our first year reporting for Americas; subsequent improvement in measuring our claims
KPI has provided greater accuracy.
2021 2020 2021 2020
CLAIMS EUROPE
TOTAL DELIVERY
CONSIGNMENTS PERFORMANCE 2019 1,013 consignments
2,352,921 92.6% 93.9% 2020 686 consignments
2,001,021
2021 1,067 consignments
2021 2020 2021 2020 2019 was our first year of calculating claims
statistics in Europe.
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AIR & OCEAN STATISTICS

	This Year	Last Year
Airfreight Inbound and Outbound (kilos)*	114,736,242	126,070,780
Seafreight Inbound and Outbound (TEUs)	347,638	337,504
Customs Clearances	201,275	187,060

Airfreight volume reduced due to Covid-19 flight restrictions in current year

* Airfreight volume reduced due to Covid-19 flight restrictions in current year	* Airfreight volume reduced due to Covid-19 flight restrictions in current year	* Airfreight volume reduced due to Covid-19 flight restrictions in current year

IATA RANKING
	This Year	Last Year
NZ	1st	1st
AU	6th	8th
US	32nd	33rd

INFORMATION TECHNOLOGY

	This Year	Last Year
Information Technology Spend	$67.50 million	$60.35 million
As a % of Revenue	1.90%	1.95%

Percentage of consignment notes received electronically

	This Year	Last Year
New Zealand	92.2%	91.4%
Australia	96.5%	95.9%
Americas	54.1%	46.5%
Europe	92.4%	92.2%

Percentage of Warehousing orders received electronically

	This Year	Last Year
New Zealand	99.2%	98.8%
Australia	99.5%	99.7%
Americas	99.9%	99.9%
Europe	99.4%	98.5%

DEBTORS DAYS OUTSTANDING

	This Year	Last Year
Debtors Days Outstanding	38.77	39.07

WAREHOUSING STATISTICS

	NEW ZEALAND (NZ$)	NEW ZEALAND (NZ$)	AUSTRALIA (AU$)	AUSTRALIA (AU$)	AMERICAS (US$)	AMERICAS (US$)	EUROPE (EU€)	EUROPE (EU€)
	This Year	Last Year	This Year	Last Year	This Year	Last Year	This Year	Last Year
Inventory Record Accuracy (IRA)	98.4%	98.2%	99.8%	99.7%	98.2%	96.4%	99.73%	99.81%
Facility Utilisation	86.0%	85.0%	94.0%	87.0%	84.0%	79.0%	91.0%	93.9%
Warehousing Footprint (m2)	171,915	161,300	177,000	165,096	121,100	85,935	334,273	317,353
Transport Consignments: Generated	476,923	444,863	434,684	455,888	8,078	10,228	1,439,884	1,422,390
Transport Consignments: Value	$52.2m	$46.2m	$64.6m	$72.3m	$4.0m	$4.7m	€59.1m	€56.6m
Percentage of Transport Freight	10.1%	9.7%	20.5%	22.2%	2.6%	2.6%	22.3%	22.3%

Mainfreight’s level of IRA measures location count, inventory condition, systems alignment to inventory count, product integrity, total inventory count.

TRAINING STATISTICS

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NEW ZEALAND AUSTRALIA AMERICAS ASIA EUROPE
Courses
Held This Year Last Year This Year Last Year This Year Last Year This Year Last Year This Year Last Year
Induction 116 280 195 186 20 34 12 35 169 540
Licensing 135 263 7 55 488 363 5 11 926 890
Procedural 672 1,581 9,576 2,270 4,414 1,433 352 413 2,176 2,487
Systems 712 215 2,502 2,826 489 400 270 542 475 516
Other 14 330 409 617 820 307 31 36 111 492
Total 1,649 2,669 12,689 5,954 6,231 2,537 670 1,037 3,857 4,925
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PEOPLE

Look after our people, look after our customers.

Guard our cash and embrace the opportunities

TEAM NUMBERS

	This Year	Last Year
New Zealand	2,627	2,451
Australia	2,142	2,032
Europe	2,915	2,745
Americas	1,131	990
Asia	425	413
Total Group	9,240	8,631

TRAINING AND HR SPEND

	This Year	Last Year
Training and HR Spend	$10.57 million	$13.00 million
As a % of Revenue	0.30%	0.42%

OUR BUSINESS Technology

With recent changes in supply chain requirements, our technologies will be increasingly valued.

We continue to invest strongly in our own proprietary technology to complement our business operations. This has served our customers and ourselves well over time. In particular, we have always wanted our customers to see what we could see; a “warts and all” approach.

With time and significant investment, this technology has become increasingly sophisticated. Our platforms around the world are mostly common in origin, and integrated to provide global visibility to ourselves and our customers for their complete supply chain requirements. These platforms not only provide simple track-and-trace, but are also able to manage stock flows and optimisation of trade to ensure efficiency and accuracy at all times; a significant strategic value which is one of our selling propositions to new customers.

This includes bringing more real-time efficiency to our Transport cross-docks with electronic wands used to scan delivery labels at the time of loading. In our Warehouse operations, the introduction of automation will require further software development to create data efficiency alongside the physical efficiencies that will occur.

It is our expectation that with changing supply chain requirements emerging post-pandemic, the usefulness of our technology to deliver efficiencies, will be valued by existing and new customers alike, when searching for trading advantages.

The ever-present risk to system resilience and business continuance posed by cyber threat, has seen us invest heavily in strengthening our protocols, monitoring

and training. Cyber security training internally, and the implementation of significant firewall security systems have been features of this investment.

Updated disaster recovery sites are now in place in New Zealand and the USA. Our European technology is currently being brought up to Mainfreight standards to achieve a consistent global platform for stability, security and flexibility. Decentralising core applications to the regional data centres puts them close to the end user, to provide local resiliency for our team and customers. This also provides an environment where we are able to respond to cyber threats faster and with more certainty.

In the past twelve months we spent $67.5 million on our global technology platforms. Of this a significant proportion (26.7%) was capitalised for the development of new or enhanced systems.

During the year, Kevin Drinkwater retired. Kevin had spent 35 years with us and, for most of that time, held responsibility for our IT development. John Eshuis replaced Kevin in this role at the start of 2021. John has been with us for 18 years, and part of the IT Team for the last 13 of those. This is another example of our philosophy of promoting from within, and provides continuity for our technology strategies.

We remain confident that our proprietary systems will continue to provide competitive advantage for ourselves and our customers alike.

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NAME NAME AND NAME NAME ALANNA CAMPBELL, TAURANGA,– NEW ZEALAND
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OUR BUSINESS Capital Expenditure

Capital expenditure is directed and approved by the Board of Directors from recommendations made by senior management. Expenditure can be classified into three divisions; Property and Buildings, including Racking and Fit-out costs, Information Technology and General, including Plant and Equipment.

During this past financial year, net capital expenditure totalled $118.5 million. Total capital expenditure is estimated at $201 million for the 2022 financial year, of which capital required for property development is expected to exceed $155 million, with a further $182 million for the 2023 financial year.

Capital expenditure on land and buildings is being increased over the next three years in an effort to ensure that our people have the very best of facilities to assist in the delivery of high quality supply chain services.

Property and Buildings / Racking and Fit-Out Costs

Of the $118.5 million, $58.9 million was spent on property, primarily across our network in New Zealand and Australia. A further $15.6 million was spent on racking and other property fit-out costs. The items were:

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|||
|---|---|
|Land, Auckland|$23.5 million|
|Freight facility, Tauranga|$13.3 million|
|Land and building, Levin|$5.5 million|
|Land and building, Gore|$3.4 million|
|Sundry purchase, New Zealand|$1.5 million|
|Warehouse facility, Epping, Melbourne|$10.9 million|
|Sundry purchase, Australia|$0.8 million|
|Racking & Fit-out Costs, Group|$15.6 million|

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The growth in freight volumes experienced over this past year, and the delays incurred while trying to preserve capital during a time of uncertain economic fortune, has seen us fall behind in our building programme and has left a number of regions without the appropriate facilities to cater for future growth.

Construction, land purchases, planning and resource consent processes are underway across a number of projects in New Zealand and Australia. These include both large city developments in Auckland, Melbourne and Adelaide, and a number of smaller regional sites, particularly in New Zealand, as we continue the intensification of our network.

Land investment decisions will continue to be made on an as-required basis, albeit with more forethought on our growth requirements long-term. Purchasing and holding land would be advantageous, particularly in Australasia, rather than the buy-to-construct-now approach.

While in the past we have been hesitant to invest in other regions until we found acceptable growth and returns, and until we better understood the requirements of those markets, we are now more confident at the prospect of investing in properties offshore – in Europe in particular.

In the Americas, freight, warehousing and office facilities are 100% leased. Time and growth will determine land and building investment for the future. Similarly for Asia.

Information Technology

Our investment in technology continues to strengthen our efficiency and productivity, providing data and statistics that allow us to deliver greater quality while providing transparency for our customers, providing them with an extra layer of intelligence as well as critical supply chain information.

Capital expenditure on Information Technology was $18.0 million in this past year, and as with our land and building investment, we will increase our expenditure on technology to catch up on slowed investment during the early part of the pandemic. Cyber security remains a critical resource and is receiving ongoing investment.

Development of our systems software in Europe, for both Transport and Warehousing, is underway as is a full hardware refresh for the region. The robotic automation initiatives for warehousing in Australia and the USA will also require software enhancements.

The hardware standardisation project for New Zealand, Americas and Europe gives us a consistent global platform and provides stability and security. This decentralisation is in line with our management practices and will buck the trend of moving everything to the cloud.

Plant and Equipment

The balance of capital spend, $26.0 million, is attributable to plant and equipment purchased across New Zealand, Australia, the Americas and Europe.

OUR NEW DEXTER DRIVE WAREHOUSE SITS ALONGSIDE OUR EXISTING EPPING SITE IN MELBOURNE, AUSTRALIA

PEOPLE AND COMMUNITIES Our People

Thank you to this extraordinary team

Never before have we relied more on our unique culture. Through recent times our course has stayed steady and true, thanks to our people's belief in what we stand for.

Our team of over 9,000 around the world has moved mountains yet again. They have invented, improvised and dug deep to deliver, no matter what. Often in unfathomably tough circumstances.

We thank each one of you for working long and hard and for your commitment to our customers. You’ve risen to the challenge, embraced the opportunities that arose and showed what it means to be Mainfreight.

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You are our heart and soul.

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A SLICE OF LIFE AROUND OUR NETWORK

Despite closed borders our teams have found new ways to do things – including capturing images for this report. In these pages our people share a slice of their daily life around the world.

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NZ

NEW ZEALAND CAROTRANS AUCKLAND Maiane Cassanego, Joshua Chellatamby, Kelly Chen, Cameron Couper, Lionel Fernandes, Kathleen Ho, Anupreet Malhotra, Appanna (AJ) Manduda, Lisa Parangi, Kamylle Rodgrigues, Randall Yard. CAROTRANS CFS AUCKLAND Dale Abernethy, Patricia Ane, Mike Dunn, Robert Fonoimoana, Jaedon Gascoigne, Janeiya Gascoigne, Norm Gascoigne, Neil Harding, Michael Keresoma, Brent Marks, Phillippa Matthews, Robert Nives, Wiremu Rice, Serge Thomas, Raymond Tua, Raewyn Vela, Brett Whitehead, Juliet Whitham. CAROTRANS CFS CHRISTCHURCH Darren Jerard, Molly McPhail, Jamie Sansom, Kitt Taylor. CHEMCOURIERS AUCKLAND Nathan Aii, Benjamin Ale, Ivan Alofa, Yogesh Arora, Sean Aufai, Nikesh Chhana, Mari Cooper, Roydon George-Thomas, Henry Gould, Caitlin Harvey, Kohine Henare, Edward Herewini, Luke Matthew Hiroa, Harry Horder, Noel Hughes, Tevesi Inukihaangana, Stephen Jordan, Max Kaleopa, Isi Kaliopasi, Conway Keilman, Michael Keith, Nagendra Kumar, Iulieta Leafa, Wen (Amy) Liu, Michael Long, Nathaniel Macaulay, Apiuta Malua, Iasinito Manu, Fotu Mau, Taine McKay, Elyse McSkimming, Trevor Mitai, Jason Mouat, Nigel Mouat, Michael Neale, Jordan Nicola, Mark Pakuru, Rajinder Pannu, Kishor Patel, Unnati Patel, Chris Raina, Curtis Rapley, Siotame Siaki, Harpreet Singh, Paramveer Singh, Varinder Singh, Mandeep Singh Aulakh, Clinton Smith, Richard Smith, Kalolo Soafa, Dave Stewart, Gail Street, Greg Stringer, Brenton Te Rehu, Mickey Tenamu, Michael Thomas, Noa Tohi, Kini Toloa, Bernadette Tufuga, Danny Tuivaiave, Sosaia Nomani Tupou, George Ulutaufonua, Francois Williams, Phoebe Williams, Andrew Woolliams. CHEMCOURIERS CHRISTCHURCH Isobel Bowman, Sam Bradford, Chris Dawson, Rey Dela Cruz, Chris Donaldson, Riley Gibson, Iain Henderson, Lucas Johns, Chelsea Kay, Jason Knauf, Shane Kupfer, James Milliken, Jack O’Hara, George Perkins, Lovepreet Singh Brar. CHEMCOURIERS WELLINGTON Deborah Paul, Rodney Warsnop. DAILY FREIGHT / CHEMCOURIERS HAMILTON Alice Barrett, Aaron Knowles, Abdus Muzahid. DAILY FREIGHT AUCKLAND Kilisimasi Aholelei, Nicholas Aiga, Saia Aipolo, Kalapu Alaelua, Joseph Alamoti, Fazeel Ali, Josiah Alofa, Nathaniel Anesone, Manish Arora, Allan Aufai, Tolua Aufai, Altaf Baba, Taimur Badhniwalla, Russell Barry, Chris Bury, Matt Cagimaivuna, Raghu Chinchalker, ZhenTao Chung, Joel Clarke, Mikayla Collett, Ian Cox, Jim Cullen, Tracy Curtis, Khushroo Daruwalla, Olivia Dempster, Jarred Dennis, Chetan Desai, Sangeeta Devi, Saurabh Dhamija, Sidney Ene, Elijah Etuale, Clinton Faamausili, Paea Fitikefu, Wilson Fitikefu, Lydia Fohe, Uluaki Foueti, Nehu Freeman, Joshua Gibbs, Rakesh Goundar, Rynal Goundar, Surya Gounder, Elliott Gutry, David Hala, Tavake Hala, Ronnie Halagigie, Martin Hamilton, Aimee Harding, Dean Harding, Jystice-Capri Hetaraka, Gavin Holm, Efaraima Ieti, Junior Ili, Ivan Josephs, Melanie Joyce, Harjeet Kahlon, Eden Katonivualiku, Watson Kauvalu, Murray Kendall, Lionel Knox, Jashneel Kumar, Yasbeen Kumar, Nicholas Lake, Katalina Latana, Roger Leckner, Esther Leilua, Osvaldo Letelier, Meleseini Liuanga, Tenisi Liuanga, Mosese Mahoni, Seth Makea, Patricia Manderson, Rita Marsh, Corey Marshall, Javanah Mauga, Shasta Mishra, Petty Mistry, Asif Mohammed, Memory Napa, Frisco Ng Lam, Talau Paila, Luke Paine, John Palelei, Jayshree Patel, Manoj Patel, Saurabh Patel, Phillip Payne, Tahi Poasa, Kashween Prakash, Anroth Pratap, Cameron Price, Shane Pullen-Burry, Armani Rajan, Daityn Rajan, Kumar Rajan, Miyah Reynolds-Sinel, Daniel Riddell, Lloyd Rivers-Smith, AJ Roache, Jens Van Der Sanden, Jordan Sa’u,

Vincent Saulo, Roy Savage, Veta Savage, Jatin Shah, Anith Sharma, Ronesh Sharma, Wesley Siakumi, Bali Singh, Gurdev Singh, Gurpreet Singh, Hemant Singh, Himmatveer Singh, Jai Singh, Jatinder Singh, Lakhbir Singh, Lesley Smith, Michaela Smith, Mike Smith, Peter Smith, Warwick Smith, Aaron Somerset, Toby Storey, Tauaese Tauaese, Noreen Taurua, Jonevan Togiamana, Manulua Toilalo, Tusi Toloa, Alex To’oala, Richard Tovia, Jennifer Tuhi, Teresa Tuhi, John Tui, Fisa Tu’imana, Tasa Tupou, Joseph Tuputala, Joseph Tutuila, Fred Ulberg, Vosa Vaihu, Andrew Waenga, Quintin Waite, Sheryl Waite (for old times’ sake), Zoe Wilkinson, Alfred Williams, Edward Williams, Analeea Williamson, Ubaid Zahidani. DAILY FREIGHT CHRISTCHURCH Helen Black, Phillip Brosnahan, Jacob Calvert, Mathew Carlaw, Nicholas Cave, Nathan Chai, Paul Chatterton, Roberta Davids, Susan Davies, Reremoana Diaz, Craig Dixon, Darryl-Lee Duerden, Tara Edkins, Jackson Fiaalii, Joshua Green, Alexander Harris, Ross Hawken, Sean Henshaw, Thomas Hira, Poihakena Huia, Taylor Kitto, Mohit Kumar, Daniel Lidgett, Glen Lloyd Jones, Mary Maxwell, Lachlan McGhie, Brittany McGill, Kane McGrath, Regan Mitchell, Sam Morton, Steve Moule, Jayne Munslow, Sarah Munslow, Nikki Oliver, Michaela Otene, David Parker, Kataraina Peeti, Cobus Potgieter, Tara Price, Tony Ringdahl, Rachel Rupapera, Harry Saryanu, Ruby Sherborne, Arvin Singh, Damon Singh, Lakwhinder Singh, Pampreet Singh, Pargat Singh, Tarvinderr Singh, Yuvraj Singh, Navreet Singh Bindra, Gurinder Singh Parmar, Inderjeet Singh Sran, Craig Stewart, Carl Stringer, Tamas Taurua, Dhananjay Trivedi, Peter Trolove, Henry Whyte, Hayden Williams, Henry Wright. DAILY FREIGHT WELLINGTON Sarah Brown, Sam Ede, Seila Fiso, Rukua Kavakura, Steve Marsh, Adriano Mello, Ahu Moeahu, David Priestley, John Salanoa, Ron Satherley, Lynette Sinden, Gordon Tobin, Alex Walters. MAINFREIGHT ASHBURTON Meghan Hatley, Yvonne Kirdy, Barry Linwood, Arvin Mahal, Brodie Reid, Evan Steel, Kristin Taylor. MAINFREIGHT AUCKLAND Jon Absolum, Maree Adams, Tevita Afu, Mohammed Ahmed, Dauncey Alesana, Mataroa Aleta, Izaaz Ali, Mahamed Ali, Mustafaq Ali, Bailee Andrews-Tegue, Shania Aumau, James Avery, Gurkaran Singh Bajwa, James Banicevich, Fazeel Basha, Edward Beazley-Cook, Hayden Bell, Jarred Bell, Krishan Bhikha, Jagtar Bhinder, Shailesh Bhuthadia, Wayne Birch, Symon Bourne, Debbie Brady, Don Braid, Kym Brett, Carol Brown, David Brown, Hohepa Brown, Alex Campbell, Rex Campbell, Aaron Chai, Vania Chalmers, Shamal Charan, Jeremy Chin, Yvonne Chissell, Milan (Snr) Cihak, Renata Cihakova, Bryan Clark, Dianne Clemens, Paul Cole, Antonio Collings, Scott Collings, Catherine Collins, Grace Collins, Jont’e Collins, Kaysiah Collins, Kevan Collins, Nikki Cooper, Lucy Corbin, Simon Cotter, Edward Creedy, Rob Croft, Robert Croft, Hazel Crosbie, John Dash, Alvin Datt, Ryan Davey, Martin Devereux, Joshua Doak, Chris Drader, Kevin Drinkwater (for old times’ sake), Cory Duggan, James Dunbar, Alan Edwards, Katarina Ene, John Eshuis, Craig Evans, Christina Ewe, Henry Faatoatoa, Samuel Falakiseni, Ramez Fawzi, Lanuola Fesolai, Jonathon Fitzgerald, Robbie Foggin, Heaven Ford, Felix Fotunga, Paul Freeman, Kevin Gee, Carl George, Simon Glenn, Neil Graham (in memoriam), Jonathan Gravatt, Mitch Gregor, Samantha Grieve, Rachel Hansen, Helen Harden, Victoria Harwood, Mohammed Hassan, Joshua Haunga, Yi He, Mona Hellens, Ana Henry, Boris Hirawani, Emmet Hobbs, William Hockley, Charlotte Hoeft, Carl Howard-Smith, Candy Huang, Quinnton Hubbard, Connor Hull, Georgia Hulls, Graeme Illing, Matt Irvine, Chris Isaia, Tessa Jenkins, Sione Kafa, Fred Kalman, Sahil Kataria, Emma Katavich, Nic Kay, Mohammed Sarfraz Khan, Hardeep Singh Khosa, Erica Kim, Michael Kokaua, Shalini Kumar, Sonal Kumar, Lowrance Lal, Marshneel Lal, Omeksh Lal,

Mark Lane, Wilson Li, James Luddington, Julna Williams, April Woods, Jason Woods. Kris Maddaford, Satinder Mangat, Nitesh MAINFREIGHT CROMWELL Paul Arras, Mani, Sarah Mann, Manumalo Mapusua, Geoff Baird, Diane Carter, Brett Colins, Aaron Corina Mareela, Kane Mareela, Levi Mareela, Duff, Elliot Fell, Zarik Khan, Jordan Lilley, Robert Mareela, Terry Mariner, Tanya Yvette MacLennan, Matthew McCutcheon, Matkovich, Glenn Matthews, Vaughn Nathan McEldowney, Andrew McFazdien, McDonald, Rachel McKenzie, Jodi McLaren, James McMeekin, Stephen Monaghan, Sarah Junior Meatuai, Liz Merriman, Thomas Neumann, Hinton Osborne, Paula Perkins, Merriman, Zierra Misiaita, Bryan Mogridge, Jonathan Rimmer, Aveneel Simon, Hawinder Dennis Morar, Shaun Morrow, Max Muaulu, Singh, Tim Stewart, Rosslyn Todd, Hamish Dionn Munro, Chicago Nairn, Lui Naoupu, Wilkinson, Paul Wright. Alesana Nati, Millie Neioti, Alan Neithe, Megan MAINFREIGHT DUNEDIN Tania Ager, Nel, Mark Antony Nisbett, Zedekiah Nuku, Katelyn Allison-Dey, Nathan Anderson, Maureen Paine, Evelyn Pak, Chris Park, Kate Kashya Arras-Scott, Alf Bell, Blair Bennett, Parsons, Mayurkumar Patel, Sietal Patel, Lisa Josh Bottomley, Tim Brasier, Jeff Bryant, Pearce, Angel Penewiripo, Whatia Penu, Brandon Burke, Warren Cherry, Barry Clark, Maurie Phillips, Akash Pillay, Bruce Plested, Graeme Clark, Brendan Clyne, Wietske de Adrianne Pongi, Shayne Porter, Bimal Groot, Rex Edwards, Ryan Edwards, Carl Prakash, Pranil Pranil, Avikash Prasad, Gardner, Kyle Grayston, Fiona Guildford, Richard Prebble, Rowan Preston, Craig Ryan Henderson, Thomas Inia, Kamm Radich, Na Raihania, Matangaro Ramea, Kawau, Melissa Kawau, Matt Keane, Jared Nina Reddy, Nathan Reed, Cameron Reibel, Kwiat, Andrew Laurie, Stephanie Laurie, Glen Jason Rogers, Miracle Ropati, Palangi Ropati, Lloyd-Jones, Chris Marsden, Josh Maxwell, Sir Don Rowlands (in memoriam), Cheyenne Leah Maxwell, Carter McAuliffe, Hayley Ruka, Mohammed Saheem, Raman Saini, McAuliffe, Doug McElhinney, Mark Vickram Saini, Muhammed Saleem, Georgina McElhinney, Angus McKnight, Trey McLean, Sanders, Tarlochan Sarai, Glenn Searle, Doug Melrose, Matthew Murphy, Alana Mohan Sekhon, Carolyn Sim, Donna Sim, Mutch, Cameron O’Connell, Alanna Owens, Harry Sima, Michelle Simmons, Amanjot Cameron Power, Yoland Power, Alan Singh, Amanpreet Singh, Amonjot Singh, Ravenwood, Tony Russell, Kyle Rutherford, Amritpal Singh, Arminder Singh, Arpandeep Shaun Ryan, Derek Saville, Steven Smith, Singh, Avtar Singh, Gurinder Singh, Gurpreet Robert Stout, Philip Taylor, Colin Tod, Warren (Gary) Singh, Gurtej Singh, Gurvinder Singh, Turner, Ryan Van Der Lem, Jason Waho, Harwinder Singh, Jaswinder Singh, Jobanjeet Mitchell Wallace, Ethan Watson, Frank Singh, Jugraj Singh, Mandeep Singh, Watson, Jade Whalan, Kelly Wilson, Lindsay Narinder Singh, Rajneet Singh, Satinderjit Wilson, Jaime Winklemann, Heath Woollett, Singh, Shaminder Singh, Shamsher Singh, Zhaviar Woollett, Andrew Zyskowski. Navi Singh Sidhu, Junior Sipeli, Julie Slessor, MAINFREIGHT GISBORNE Peter Dansey Smith, William Smith, Alice Archibald, Shane Ashford, Tim Brown, Eru Solomona, Regan Somers, Brooke Stephens, Campbell, Zack Clarke, Martin Cook, Lance Kendal Stratford, Jason Street, Rhys Stunell, Flavell, Neville Forster, Adam Hohepa, Bryan Joshua Sutherland, Joshua Sutherland, Hohepa, James Kotuhi, Louise Laulau, Sonny Nathaniel Swney, Bronwyn Symons, Sheena Laulau, Wayne Lee, Tony Lindsay, Kevin Symons, Sjarn Tagoai, Alavina Taimalie, Marsh, Bradley Martin, Dave McLauchlan, Jah-Milla Taitin, Jamane Tarau, Tuaine Tarau, Elaine McLauchlan, Matthew Miller, Margaret Meleana Taufa, Sifa Taukaka, Suzanne Muir, Donna Nepia, Anthony Ngaronoa, Taunton, Jacob Taurua, Norm Teio, Thomas Sandra Payne, Wayne Poingdestre, Nigel Tetai, Anthony Tipene, Easter Tiute, Bryan Shortland, Sally Taylor. MAINFREIGHT Tohi, Luke Tohi, David Tolson, Paul Tolson, GORE Janine Blanc, Jeff Blanc, Kris Blanc, Taylor Tolson, Kevin Tram, Eddie Tuhakaraina, Nerrissa Blanc, Alanna McLean, Ryan Lathaniel Tuiatara, Lee Tuimauga, Sepiuta McLean. MAINFREIGHT GREYMOUTH Tuipulotu, Herman Ulberg, Malcolm Variava, Danny Baker, Andrew Havill, Cory Hill, Russell Alex Vatau, Karen Vuetibau, Mellissa Wearing, Hines, Matt Ilton, Moana Johnsen, Keith Daniel Wells, Michael Whitehead, Debbie Lavery, James Lee, Scott Lemon, Jamie Williams, Rob Williams, Tim Williams, Scott McGeady. MAINFREIGHT HAMILTON Wilson, Jareth Wong, Hamish Woods, Paris Dekota Adams, Mohammed Ali, Sairaz Ali, Woodthorpe-Scott. MAINFREIGHT Jake Allen, Ashley Andersen, Cody Atkinson, BLENHEIM Bronson Albert-Tawa, Murray Shaun Atkinson, Jimmy Baker, Patrick Batchelor, Lyndal Coates, Alex Cochrane, Barton, Bailey Bell, Andrew Bennett, Harnek Wagner De Jesus, John Falconer, Kendra Gill, Bhangoo, Madison Blank, Satinderjit Brar, Anton Hartley, Peter Jones, Janet Joseph Brickland, Timothy Brocas, Robert Landon-Lane, Christopher Mealings, Andrew Bryers, Bianca Burge, Kirwan Carter, Steve Pillans, Rhonda Pillans, Dean Piper, James Carter, Ashnil Chand, Kade Christian, Barry Rooney, Amanda Sanft, Shane Smythe, Clifford, Cruz Coburn, Daniel Collier, Kylie Courtney Stevenson, Ratana Te Kanawa, Cramond, Mark Cramond, Christina Dalgety, James Thompsett, Steve Vanderlay. Paora Dennis, Raana Dennis, Randall Dennis, MAINFREIGHT CHRISTCHURCH Darren Neil Douch, Robert Douch, Bradley Duncan, Bernhardt, Philip Black, Debbie Blackburn, Takirua Edwards, Donna Everaarts, Nikolette Blair Bradbury, Dean Buick, Chad Fahey, Paul Fahey, Mele Fonua, Anna Chamberlain, Donald Chamberlain, Rhys Fonua-Haggie, Timothy Gage, Emily Gilchrist, Chamberlain, Egon Chmiel, Rhyl Cole, Alicia Shaun Goodwin, Wayne Goodwin, Arthur Coles, Robin Cook, Sue Cook, Michael Green, Melanie Greenbank, Jimmy Gregory, Crawford, Lorryn Dalzell, Sally Dalzell, Luke Andrew Hall, Jordan Halse, Janette Hansen, Davey, Zac Davis, Kelly Dean, Megan Grant Hardacker, Eilaina Harris, Jay Harrison, Delaney, Owen Donald, Jessie Eastmond, Aubrey (Wentworth) Hicks, Carlos Hicks, Tony Damien Faas, Lauren Faass, John Ferguson, Holes, Phillip Holmes, John Irwin, Rahul Grant Forbes, James Foster, Steven Grace, Jaidka, Jhai James, Maurice Jarrett, Mathew Mike Griffiths, Elijah Hapi, Thomas Hart, Kris Jessop, Murray Johns, Anna Jones, Kevin Hickey, Edward Hiku, Lewis Hofland, Desiree Judge, Andrew Kaan, Taranjit Kalkat, Russell Jones-Jackson, Tony Kerr, Taylor Kane, Melanie Katu, Denise Kearns, Kerr-Charnley, Carolyn Lee, Patrick Alexander Keen, Harjinder Khatkar, Haami McGillivray, Robert McGillivray, Laurie Kingi, Amy Knuth, Jaskaran Kohosa, Dayna McMahon, Neil McRobbie, Colin McTurk, Krippner, Ritesh Kumar, Tom Kumitau, Jacob Middlemiss, Bob Murdock, Mark Nicol, Bradley Laird, Manase Lavemai, Denis Laws, Connor Oberndorfer, Ashton O’Neil Morel, Keegan Lewis, Hamuera Mackey, JulieAnne Ollie Pratt, Darryl Reid, Ian Reid, Tracey Madden, Jagjit Malhi, Richard Manuatu, Rickard, Jamie Roberts, Brett Rodgers, Fraser Marychurch, Bronson Materi, Peter Mitchell Ross, Jenna Rowe, Kieran Rowe, May, Benjamin McBride, James McBride, Patricia Rush, Ben Sharp, Amrinder Singh, Brendon McCutchan, Peter McIntyre, Toby Gupreet Singh, Jatinder Singh, Lovedeep McLean, Karen McLeod, Lindsay Meredith, Singh, Sarwan Singh, Suphreet Singh, Wendy Bethany Miller, Whetu-Moses Miringa, Amittai Smith, Connor Stanley, Geoff Tangney, Mita, Fiona Moore, Aleisha Morris, Matt Lindsay Thomas, Sridhar Thutkuri, Amrinda Mountney, Richard Mountney, Dhirendra Tung, Russell Waters, James Whittle, Naresh, Jonathon Ngakuru, Azzan Ngaruhe,

Marie Oliver, Tuariki Plowman, Mark Poata, Suresh Prasad, Anne-Marie Pratt, Shane Pratt, Lawrence Purchase, Dean Ralph, Sean Ralph, Prashant Ram, James Ranapiri, Sanjay Reedy, Tannyin Reeves, Darren Richardson, Jeanna Richardson, Robb Ridle, Harwinder Sandhu, Kiran Sangha, Vaughn Sargent, John Scandlyn, Debbie Schollum, Jordyn Schollum, Brendon Scott, Jesse Scott, Rahul Sharma, Gurwinder Sidhu, Rajpreet Sidhu, Ajeet Singh, Gurkirat Singh, Gurpreet Singh, Hardeep Singh, Harjit Singh, Harjot Singh, Harmanpreet Singh, Harpreet Singh, Jitender Singh, Nasib Singh, Parminder Singh, Pradeep Singh, Satpal Singh, Satvir Singh, Simerjit Singh, Sukhjinder Singh, Sukhvir Singh, Tejbir Singh, Pushpinder Singh, Jennifer Siversen, Neil Smith, Shaun Smith, Ross Snowdon, Potini Soutar-Nicolson, Darrel Stevens, Mike Stockley, Trey Stockley, Sam Sullivan-Laws, Beau (Murray) Taipari, Jhan Taranaki, Quade Taranaki, Kenneth Tarei, Andy Taunga, Trudy Te Aho, Raymond Tucker-Hoogstraten, Marcus Tumai, Dave Underhill, Jodi Vaughan, Aisake Veatupu, Kristie Wade, Anthony Walsh, Bridget Walsh, Paula Watts, Tyne Watts, Jessica Webber, Jacob Weherua, Jack Wells, Tom Wells, Daniel White, Robert Wichman, Steve Wildbore, Jonathan Zwart. MAINFREIGHT INVERCARGILL Steve Acker, Roy Algar, Bailey Bishop, Emily Bower, Tara Buckley, Jackie Buckley Gray, John Burgess, Robin Davids, Richard Dimmock, Jason Gray, Hannay Lapana, Renee Manaena, Nathan McKay, Lucy Mitchell, Keanu Ormond, Dean Reynolds, Nathan Reynolds, John Searle, Gurinda Singh, Lovepreet Singh, Ross Wells, Ricky Wylies. MAINFREIGHT KAITAIA Trent Collins, Awa Davis, Bob Larkins, Tania Pere, Soane Riggs, Kurt Tahu, Wataa Twaddell, Hafe Vilitama. MAINFREIGHT LEVIN Trevor Chambers, Nic Graham, Terry Greig, Greg Howard, Jade Hunter, Mohit Kumar, Steve Love, John Paul Magill, Cody Mason, Ross McDonald, Beau McLeod, Keri Monk, Nakita O’Sullivan, John Rae, Andrew Rankin, Rob Renwick, Jamie Sanson, Marshall Simons-Clark, Prisca Stojanovic, Stephen Thomas, Albert Tovio, Peter Waho, Te Ahuru Wilton. MAINFREIGHT MASTERTON David Comfort, Bob Dougherty, Tracey Hoare, Andrea McCafferty, Shane McDougal, Kyle Morris, Glenn Murphy, Topas Robinson, Kaine Sporry, Gary Strang. MAINFREIGHT NAPIER Gavin Andrews, Mark Balhorn, Kelly Barnett, Anthony Black, Jeff Chapman, Kaylene Corin, Stevie-Rei Cunningham, Michael Edge, Nathan Foster, Jayme Francis, Samuel Gallagher, Fraser Garnett, Shane Gilmour, Monty Grant, Tui Haami, Harlem Hagen, Jacob Harrison-Daley, Mitch Hill-Cox, Adam Jackson, Jason Kennedy, Zachary Leeman, John Mackay, Caleb Mackay, Lesley Matheson, Andrea Mill, John Montgomery, Henare Morton, Nicholas Neilson, Kaye Ngapera, Asher Nichol, Richard Nimon, Kerryn O’Neill, Fee Orviss, Carly Parker, Jenny Pedersen, Gerard Phillips, David Quickenden, Iraia Rau, Daniel Ross, Scott Russell, Glen Scott, Darryn Scurr, Shelton Stok, David Storey, Noel Stubbs, Kaleb Tawera, Mark Truuts, Blair Turvey, Deepak Verma, Craig Walker, Shannon Wano, Julian Ward, Bill Whyte, Heath Zachan. MAINFREIGHT NELSON George Abernethy, Craig Barron, Letisha Bilson, Paul Brown, Alan Davis, Simon Davis, Shannan Donker, Steve Edgar, Chris Edwards, Dan Edwards, Charlotte Gordon, Tristan Gornall, Carmen Graham, Aimee Groome, Craig Groome, Matt Helleur, Emma Hodgson, Daniel Kerr, Raman Kumar, Glen Markland, Kaden McLean, Ruby Morrison, Tracey Mutton, Ronald Pawson, Rohit Saini, Michael Savage, Bill Simmiss, Reg Thompsett, Graeme Towns, Pam Waddington, Neil Watson, Wayne Westall, Brett Yates.

MAINFREIGHT NEW PLYMOUTH Hannah Abraham, Wiki Abraham, Shayland Anderson, Justin Bailey, Gareth Bridger, Jess Burkhart, Mark Casey, Paul Cottrell, Jonathan Davies, Cori Delves, John Edgar, Aaron Farley,

Sonia Farley, Tim Farley, Ryan Gadsby, Liana Grey, Simon Harris, James Haunui, Benjamin Leaf, Clayton Leaf, John Lindsay, Reuben Mason, John Mckenna, Greg Mepham, Brittany Mewes, Cody Miller, Kyle Miller, Tara Miller, Rick Payne, Johnny Pepperell, Scott Peters, Lane Powell, Lucas Read, Herepete Robertson, Marcus Russ, James Saunders, Tracey Schroeder, Joseph Schulder, Steven Short, Tony Smith, Caeten Streat, Michael Sutton, Dylan Wheatley, Hinewai Wikaira, Cain Wild, Kyle Williams, Cara Young. MAINFREIGHT OAMARU Thomas Hansen, Kayleigh Hogan, Paul Johnston, Marie Lawrence, Grant Matthews, Kevin Powell, Leighton Rutherford, Ewan Seagar. MAINFREIGHT PALMERSTON NORTH Christopher Adams, Jason Adams, Benny Barr, Angela Batt, Matthew Beaumont, Lachlan Blackstock, Henry Boon, Codie Braasch-Hall, Joell Brooks-Bowen, Amelia Burns, Michaela Caulton-McNabb, Francis Chambers, Julian Colquhoun, Stuart Connell, Terry Cornforth, Henare Cunningham, Brett Cuttle, Simon Dean, Aaron Dicker, Valerie Dyer, Mike Eden, Eugene Emery, Paul Foxall, John Fraser, Jamie Graham, Judith Graham, Marsh Graham, Nicole Graham, Suzan Graham, Riley Gray, Nasoni Havea, Thomas Hei Hei, Jordan Henare, De-Shawn JaiWatson, Archie Kauri, Andre Kauri, Reimana Kauri-Warner, Finn Kearns, Tuhi Kimura, John King, Rex Lambert, Josh Lawton-Sue, Hayden Little, Tipu Luke, Michael Mackley, Ezekiel Makowharemahihi, Pita Marshall, Ian Mayne, Rebecca McBride, Rob McDougal, Alexandra McKnight, Robin McNabb, Justyn McQuade, Charlotte Minett, John Mitchell, Tracey Mitchell, Dylan Morgans, Jessica Mudgway, Keith Mudgway, Lesley Murphy, Nathan Ngametua-Smith, Josh Nicholson, Larry O’Donnell, Daniel Pamata, Karan Pathania, Scott Payne, Charles Pearson, Devyn Pekamu, Ray Prideaux, Stephen Ralph, Etu Rongotaua, Tua Ropati, Janet Ropati, Byron Rowlands, Tara Samuel, Caleb Satterthwaite, Korey Satterthwaite, Ankit Sharma, Matthew Sherlock, Gurinder Singh, Gurlal Singh, Manpreet Singh, Preetpal Singh, Raviinderjit Singh, Satpal Singh, Vijay Singh, Ranjit Singh Brar, Georgia Staddon, Wendy Stewart, Josh Stimpson, Mathew Stoevelaar, Bryan Taiaroa, Katrina Taiaroa, Allan Tait, Peter Taylor, Callum Thwaites, Michael Tunnicliffe, Edwards Waho, Temau Waho, Justin Wall, Chelsey Watson-Fryer, Tre Wihongi, Wayne Wildbore, David Wright. MAINFREIGHT ROTORUA Ricky Bishop, Manasa Bole, Gregg Conning, Trevor Crallen, Gary Dunseath, Peter Esau-Manutai, Dave Farrell, Carl Gage, Marley Grant, Barbara Harrison, Roger Hope, Benjamin Jenkins, Talya Macredie, David McGregor, Aaron McMahon, Noah McMahon, Jenna Novosel, Mark Print, Andrew Robb, Karli Searancke, Martin Searancke, Harinder Singh, Vikramjit Singh, Travel Taura, Metera Te Aonui,

Marc Te Ture, Matthew Thompson, Stanley Tom. MAINFREIGHT TAUPO Tony Hurunui, Nick Hyde, Jenny Payne, Brendan Smith, Kapi Tupe, Jonathan Vaughan, Cameron Mead, Te Kaireka Puhia, Graham Wiggins. MAINFREIGHT TAURANGA Hannah Abbott, Sophie Adams, Alan Allport, James Barker, April Barlow, Gurdeep Behal, Colin Belk, Richard Benseman, Carl Bergersen, Lauren Bergersen, Adrian Betterton, Troy Bidois, Martin Binnie, Brent Brosnan, Greg Camenzind, Alanna Campbell, Jacob Carroll, Anthony Chadwick, Darren Chadwick, Dean Chadwick, Lance Chadwick, Toni Crouch, Marise Davis, Dipak Dayal, Wayne Ellis, Jayemi Emery, Neville Emery, Craig Finlayson, Peter Flett, Kylie Foreman, Callan Gear, Jordan Golding, Colin Goldsworthy, Derek Hansen, Kayla Hansen, Edward Hemara, Kawana Hemara, Piko Hemara, Ray Hewlett, Craig Hine, Nathan Hobart, Hirini Houia, Oliver Hutchby, Mark Jones, Sheldon Kereopa, Debbie Martin, Marcel Milner, Logan Mitchell, Cambridge Moore, James Morgan, Riki Ngatai, Toni Pahl, Schirelle Philips, Karl Pomare, Chris Reti,

Tammy Rivers, Jerry Robinson, Mark Robinson, Connor Rocard, Kendra Rowe, Katahn Samuel, Bikramjit Sangha, Justin Sangster, Bevan Scott, Roger Simister, Akashdeep Singh, Avtar (Harry) Singh, Charanjit Singh, Harjit Singh, Harpreet Singh, Harwinder Singh, Jaspreet Singh, Jaspreet Singh, Jay Singh, Mandeep Singh, Manvir Singh, Paramjit Singh, Prince Singh, Ranjit Singh, Davinder Singh Dhillon, Harkeert Singh Gill, Jaspreet Singh Sawara, Inderjit Singh Sidhu, Leroy Smith, Terrell Smith, Keegan Stewart, Reweti Stokes, Dale Swainson, Kelvin Teasdale, Caitlin Tomlinson, Lee Tuhura, William Turpin, Chris Webb, Maurice Webb, Jason Wihapi, Clive Wilson, Michael Woodham, Tracey Wright, Suresh Yadav. MAINFREIGHT THAMES Tenaiya Atkinson-Williams, Jade Darrah, Greg Ellis, Phil Frost, Tracey Hayes, Ryan Kennedy, Lindsey Kilford, Andrew Murray, Lance Paul, Trina Paul, Robbie Paul, John Reynolds, Maurice Watson, Ash Wearing, Chris Wearing, Mark Wearing. MAINFREIGHT TIMARU Diya’a Al Momani, Michael Armstrong, Nigel Blackler, Paul Boa, Jarrid Cooper, Marcia Doudle, Andrew Drummond, Hollie Duncombe, Dave Ennis, Liam Evans, Josh Gilmour, Lisa Howey, Geoff Kerr, Ricky Krause, Andrew Liversey, John Lyon, Charlie Mansfield, Kevin McElhinney, Melissa Nolan, Leon Pirake, Nadine Pirake, Jimmy Reuben, Matthew Russell, Shannon Sim, Brooke Wilkie, Stacey Williams. MAINFREIGHT WELLINGTON Tama Parua Akavi, Tyrall Allen, Craig Armstrong, Planchie Awatere, Michael Balle, Kyle Bell, Rocky Betham, Poshraj Bhattarai, Keegan Biggans, Henry Birch, Ian Black, Andre Boyte, Dempsey Broad, Bianca Bryan, Liam Burling, Annabelle Carpenter, Charlotte Carpenter, Scott Carson, Tama Coker, Sam Collier, Paul Connolly, Max Cottle, Matt Dalton, Quentin Daniel, Harry Davey, Travis Day Jr, Greig Dean, Ellie Dennis, Shaun Dennis, Azadbir Dhaliwal, Harpal Dhanjal, Rajat Dhingra, Jayden EvansPatterson, Josh Evans-Patterson, George Falloon, Keenan Fincham, Pouevalu Fiso, Tatjiana Fiso, Steffan Fry, Eduardo Garcia Vargas, Clinton Garrity, Amie Gentle, Polly Gibbs, Chhaya Govind, Hunter Graham, John Graham, Mohit Gumber, Matthew Haskell, Anna Hastie, Pat Henderson, Callum Holdaway, Casey-John (CJ) Holland, Elijah Holmes-Rogers, Jordan Houpapa, Daryl Hutchinson, Leon Jahnke, Jayden Jiang, Daniel Jupp, Jacob Kelly, Maresa Kilepoa, Kevin Kuizon, Ian Logie, Sean Love, Alex Macdonald, Migle Mackay, Paikea Mahuika, Abhishek Makwana, Holly McGee, Robert McGrath, Thomas Mckay, Liam Menheere, Raeden Mikara, Stephen Miles, Herini Moeahu, Jack O’Halloran, Finlay Parr, Vijay Patel, Oliver Perkinson, Kelvin Persson, Francis Phillips, Grep Piper, Kristy Powell, Junior Preston, Lee Puepuemai, Dennis Reynolds, Amanda Roberts, Paul Roberts, Scott Roberts, Kaitao Rota, Stacy Ryan, Sukhbeer Sacndeva, Andrew Schofield, Pisa Seala, Mritunjay (Jay) Sharma, Rajat Sharma, Varun Sharma, David Sherborne, Emma Shortall, Bhupinder Singh, Gurvinder Singh, Jagdeep Singh, Mandip Singh, Manmohit Singh, Manny Singh, Manpreet Singh, Parminder Singh, Prabhjeet Singh, Sharanjit Singh, Sukhdeep Singh, Sukhmandeep Singh, Nicholas Sommers, Temuera Southon, Ainsley Speak, Vern Stevens, Zachary Stirling-Beattie, Ashley Stunell, Phillip Tamatea, Gordon Tanis, Kimiora Taramai, Rios Taramai, Kenny Tarei, James Taroa Swan, Taina Te Aonui, Peter Te Kura-Te Ngahue, Greg TeKura, Deep Tewar, Stuart Thorn, Gurpreet Toor, Craig Tuiala, Daniel Tupene, Arthur Tusa, Tau-PaoPao Va, Jade Va’auli, Christian Vaaulu, Andrei van Beynen, Eireann Vender, Barbara Vincent, Bob Vincent, Sean Wallace, Tevita Waqasokolala, Dane Whanarere, Haedyn Wicks, Erin Wood, Eddie (Sam) Yako, Georgia Yee, Sami Yousif, Zaya Zaya. MAINFREIGHT WHANGANUI Jono Aiavao, James Albert, Kane Bass, Matthew Boosey, Daryl Edmonds,

Sarah Hayward, Vanessa Johnson, Ricky Katene, Jason Kibblewhite, Kara McLachlan, Tane Ratana, Libbie Rowlands, John Shaw, Gurpreet Singh, Brian Williams. MAINFREIGHT WHANGAREI Kasandra Albert, Lauren Ambler, Manon Austin, Todd Beehre, James Bond, Heather Bond, Dennis (Jack) Bowman, Colin David Brown, Kevin Brown, Iose Brown, James Cassidy, Simon Cauty, Ian Collings, Anton Coopman, Terry Coopman, Dannika Cork-Peters, Scott Crawley, Jeremy Cullen, Andrew Davies, Richard Devine, Jeremy Elliott, Doug Fisher, Kim Flavell, Chris Francis, Michael Goodwin, Damon Griffin, Charles Hamilton, Brendon Harris, Levi Harris, Basil Hauraki, Carl Hawkins, Duane Herbert, Dolly Hing, Joshua Hoek, Shane Hou, Matt Hudspith, Lesley Huia, Johnny Hunapo (Jr), Katie Jones, Willie Karena, Aaron Karl, Tim Kawana, Raj Kumar, Pieter Lambrechts, Stanley Lewis, Ross Macdonald, Murphy Mahanga, Te Maawe (Murphy) Mahanga, Danielle Martin, Gavin McCleary, Taylor McCleary, Stephen McClure, Lee McCullough, Craig McKenzie, Allen McQuinn, Tarryn Neal, Patrick Nelson, Tim Ottenhof, John Paul, Willie Paul, Arthur (Thomas) Pickering, Dante Poasa, Robert Poasa, Tana Pou, James Poulson, Tai Riini, Ritesh Ritesh, Kevin Roberts, Philip Rogers, Sahib Sandhu, Ihaka Semenoff, Jarred Simpson, Kane Sketchley, Rebecca Sketchley, Wayne Stacey, Willie Tae, David Tarawa, James Thompson, Daryl Whautere, Te Hau Whautere, Abenzar Wichman, Jamie Williams, Andrew Wood, Quentin Yakas, Joe Yearbury. MAINFREIGHT AIR & OCEAN AUCKLAND Michael Aldridge, Tiaz Ali, Behnaz Bahmani, Darren Barboza, Mark Belfiore, Matthew Beveridge, Kirsty Bristol, Sonya Buckle, Penelope Burt, Liz Castillo, Wilsyn Chang, Brian Chen, Tracy Cleven, Tanya Cole, Diego Cueto, Christine Cullen, Jennifer Daji, Jeremy Davis, Nicole De Gala, Flavia Derbyshire, Sean Dillon, Shane Douglas, Mei-Ling Faitau, Nidheesh Gangadharan, Mark Glover, Canoe Halagigie, Manu Halagigie, Helen Healey, Shannon Hegan, Steve Hendry, Esmee Heuvink, Daniel Huo, Charles Hurring, Richard Ioane, Christina Jones, Jason Kim, Kura Kiria, Anit Kumar, Rajenesh Kumar, Tarryn Lanner, Catherine Le Vert, Emily Liang, Anu Manga, Hayleigh McLean, Hayleigh McNicol, Lisa Mitchell, Erika Mizusaki, Christian Moral, Oliver Morrison, Phillip Nelson, Henry Oliver, Davis Palmer, Leslie Pan Ge, Jasmine Paul, Benjamin Pearson, Joel Pereira, Daniel Plested, Amanda Pritchard, Kahlia Ranby, Rachael Richardson, Paul Riethmaier, Karen Roberts, Robert Samuels, Sonny Sarwara, Luke Seabrook, Corey Seator, Sergio Serra, Harmandeep Singh, Rashni Singh, Charlie Sione, Louie Skerman, Matthew Small, Karen Smith, Nicky Smith, Cathy Takiwa, Arwen Tao, Patrice Temanu, Celia Tepania, Andrew Thomson, Steven Tooley, Robert Tucker, Iki Vaka, Raju Vegesna, Haree Waiti, Ye Wang, Antoinette Ward, Annette Webb, Courtney Webster-Frost, Nerida Whatmough, Will Worthington, Kathy Wu, Rocky Xia, David Zhao. MAINFREIGHT AIR & OCEAN CHRISTCHURCH Nicole Andrews, Derek Black, Harry Brown, Nicholas Brownlee, Ally Burns, Kevin Coman-Wright, Hayden Cook, Mark Cotterrell, Oliver Dimmick, Craig Edwards, Lydia Evans, Zoe Fowler, Cameron Godfrey, Paul Hale, Karyn Hawkes, Lauren Hiku, Graeme Hulena, Flynn Leckie, Michael Louth, Tony Martin, Jason McFadden, Julie McIlroy, David Mortimer, Colin Murchison, Jason Newton, Matt Newton, Jacinda Potts, Michell Riley, Sarah Robb, Hamish Robertson, Dennis Rowe, Robert Stewart, Joel Stuart, Milly Taylor, Karen Waltham, Helen Watson.

MAINFREIGHT AIR & OCEAN DUNEDIN Tracey Burrell, Jeffery Foster, Nadene Moore, James Morrissey, Mark Willis, Paul Wilson. MAINFREIGHT AIR & OCEAN HAMILTON Kevin Ann, Olivia Clark, Jordan Cox, Deanna Donovan, Jonthan Feast, Tais Ferguson, Carmen Hadfield, Georgia Ross, Greg Waylen,

Albertine Woodd, Amber Woodward. MAINFREIGHT AIR & OCEAN NAPIER Madison Hurworth, Monique Peary, Michelle Stevenson, Krystle Strachan, Jessica Wallace. MAINFREIGHT AIR & OCEAN NELSON Jack Harris, Megan Lockie, Callum Marshall, Louise Morten. MAINFREIGHT AIR & OCEAN NEW PLYMOUTH Ed Gafney, Michelle Romaine, Jill Sorensen. MAINFREIGHT AIR & OCEAN PALMERSTON NORTH Tim Bray. MAINFREIGHT AIR & OCEAN TAURANGA Alex Bardoul, Nathan Barnes, Duncan Byron, Cheryl Chye, James Gatley, Lisa Haycock, Robyn McCarthy, Georghia McFeteridge, Julie Scott, Jo Smart, Giovana Tabarini, Shane Williamson. MAINFREIGHT AIR & OCEAN TIMARU Karyn Hawkes. MAINFREIGHT AIR & OCEAN WELLINGTON Joshua Abel, Erle Betty, Sam Collier, Jack Coulter, Natalie Curley, Chrissy Douglas, Paul Fredrickson, Shannon Grice, Sam Headifen, Robert Little, Scott Matuschka, Sean Paterson, Glenn Perkinson, Scott Rice, Trevor Rice, Joshua Voorwinde. MAINFREIGHT AIR & OCEAN WHANGAREI Chris Carmichael, Katrina Nathan, Jade O’Connor.

MAINFREIGHT FTL NORTH ISLAND Jammie-Dee Arakua, Beau Birtwistle, Justyce Brown, Chris Collins, Marc Collins, Kathryn Creal, Nicole Cullen, Angad Deep Singh, Prabhjot Dhillion, Paddy Didovich, Zubin Engineer, Isikeli Fa’Aui, Sione Fatongiatau, Peter Flett, Matt Forno, John Katu, Tee Katu, Matthew Kitchin, Brooke Leaver, Ray Lutherus, Kyla McGregor-Kurth, Warren McKee, Sarabjeet Singh Olakh, Ashneel Prakash, Avikash Prasad, Ryan Preston, Ryan Rossiter, Ritesh Sharma, Amandeep Singh, Baljeet Singh, Buta Singh, Gurial Singh, Gurpreet Singh, Harpreet Singh, Jasdeep Singh, Lovejeet Singh, Manpreet Singh, Manvir Singh, Navjot Singh, Navpreet Singh, Rajvir Singh, Sandeep Singh, Sukddev Singh, Satinder Singh Pannu, Jaiman Soma, Mike Swindells, Andrew Tautari, Anton Teau, Darren Turner, Kataraina Wright, Sophie Yandall. MAINFREIGHT FTL PALMERSTON NORTH Kareti Baker, Gordon Bell, Tony Biddle, Forbes Campbell, Bryan Douglas, Peter Flett, Alex Fraser, Wayne Hemopo, Paul Kremmer, Wendy Little, Fredrick Phillips, Elvis Rowlands, Shania Taylor, Brad Thomson, William Tupara, Grady Waite, Justin Wall, John Winton, Andrew Young. MAINFREIGHT FTL SOUTH ISLAND Honey Bazarh, Blair Bennett, Randeep Boparai, Pete Bradley, Brett Bramley, Trevor Bray, Tony Bremner, Hayden Campbell, Andrew Gilmour, Tim Hitchings, Terry Hucklebridge, Tim Martelli, Lindsay Miller, Gavin Nichols, Rene Niovara’Dave, Cobus Potgieter, James Price, Hoani Rewha, Gurinder Singh Tiwana, Ajit SinghSidhu, Holly Turnbull, Ray Webb, Rex Whittle, Neville Williams. MAINFREIGHT IT NEW ZEALAND Gus Ah-Chong, Tyrone Ah-Chong, Tansy Austin, Chance Baker, Michael Balle, Krishan Bhikha, Nilesh Bhuthadia, Ashton Bonham, Henry Booth, Corban Borrie, Joshua Burrow, Fraser Byfleet, Matthew Caird, Hayden Chieng, Alice Colenbrander, Jennine Cosgrave, Richard Daldy, Fraser Dawson, Kishan Dhanji, Lukasz Dobrzanski, Lawrence Dunn, Sam Fickling, Debi Fitzpatrick, Shaun Gilchrist, Rahul Gordhan, Mark Hales, David Hall, Gary Harrington, Alistair Hughes, Victory Ipiniu, Bharat Kesry, Mohammed Khan, Logan Lim, Rhoda Malveda, John McStay, Salah Mortazavi, Dineshan Naidoo, Ankit Narotam, Andrew Ng, Caleb O'Leary, Sarah Olo, Gabriel Price, Dean Puwananuwat, Ange Quedley, Toby Reynolds, Raagni Sahay, Rene Septimo, Dennis Shikhu, Kanwar Singh, ShivRaj Singh, Dannielle Steffany, Dorien Takeshi-Vercoe, Pateriki TePou, Glen Thompson, Rachael Timmo, Simon Triggs, Roger van Dorsten, Ethan Verner, John Westerlund, Andrew Wong, Selwyn Wong.

MAINFREIGHT METRO AUCKLAND Christine Adams, Karmjeet Aklia, Mustaq Ali, Viliami Aloua, Abdul Asheem, Abdul Aziz, Jatinder Bajwa, Zubin Bhathena, Mikala Burns, Patrick Chong-Nee, Ella Churton, Antony Cook, Etesa Cordtz, Thomas Curtis, Varun Dangi, Teiko Fonua, Aoese Fruean, Samantha Gaunt, Arunesh Goundar, Karunesh Goundar, Mohammed Hassan, Oliver Hewitson, Azad Hussain, Naushad Hussein, Riyaz Hussein, Shohell Iman, Inderjit Jaswal, Ashwin Karan, Yogesh Kaundal,

Arfan Khan, Ashaf Khan, Ilfaaz Khan, Nazim Khan, Zeyn Khan, Alvin Kumar, Nishant Kumar, Rahul Kumar, Ravneeth Rinesh Kumar, Hitesh Lakhan, Hirdeshwar Lal, Lolesio Lavelua, Abbie McOnie, Lemo Mikaele, Riaz Mohammed, Murray Mulitalo, Davendra Naiker, Deepak Naurd, Vishal Panchal, Javan Perez, Mike Perez, Krishneel Varun Prasad, Kritish Prasad, John Raju, Devesh Ram, Saud Ramadhan, Munendra Reddy, Vimal Reddy, Liam Reidy, Mohit Roopra, Inoke Sanft, Rakesh Sen, Mohammed Shairaz Ali, Quentin Sinclair, Chamkaur Singh, Deepen Singh, Dushkar Singh, Gagandeep Singh, Gurbir Singh, Gurjant Singh, Gurlal Singh, Harry Singh, Kawaljeet Singh, Mohammed Zainal Singh, Parminder Singh, Parnam Singh, Prabhdeep Singh, Prabhjit Singh, Rupinder Singh, Shubham Singh, Karmjeet Singh Aklia, Harmanpreet Singh Gill, Dilraj Singh Saddal, Gurpreet Singh Saddal, Dilpreet Singh Shadu, Karanbeer Singh Sidhu, Tejpratap Singh Sidhu, Amanda Smith, Anmol Sodhi, Kunal Sodhi, Ropisone Toma, Sateki Tongia, Sam Towes, Laura Watson, Sam Wilkinson, Alex Witteveen. MAINFREIGHT METRO CHRISTCHURCH Malcolm Baird, Rebecca Baxter, Letisha Bentley, AJ Bradley, Andrew Chai, Vince Cheung, Billie-Jean Cowie, John Cowlin, Craig Cowper, Isaac Cowper, Anmol Dutt, Alex Guirre, Ian Johnson, Jatinder Kumar, Kai Lan, Brian Lewis, Brendan McConchie, Hameed Mohammed, Tom Morgan, Grant Sherlock, Balpreet Singh, Jatinder Singh, Kamaal Singh, Manpreet Singh, Narinder Singh, Narinderpal Singh, Prabhdeep Singh, Varinder Singh, Vikramjit Singh, Kamen Withington, Dean Wu, Li Zheng, George Zuo. MAINFREIGHT METRO WELLINGTON Tama-Rangi Awatere, William Carter, George Chapman-Reynolds, Gurpreet Singh Chawla, Lucky Chhabra, Frank De Jong, Nathan De Jong, Kayleigh Elliot, Cameron Freebairn, Amandeep Singh Gill, Henry Maurice, Graham Strang, Tecye Tevita, Segaula Va. MAINFREIGHT MOBILE Sethi Aryaman, Michael Bing, Manish Dogra, Kalan Eketone, Naotala Elia, Shane Hill, William Nansen, Gangandeep Singh, Jashandeep Singh, Jung Singh, Mandeep Singh, Glen Symons, Clayton Tito, Chris Vaiangina. MAINFREIGHT PORT OPERATIONS AUCKLAND Carol Avard, Emma Bryant, Emily Cardwell, Avinash Chand, Rohit Chand, Arron Davis, Paulo De Souza, Rob Dickinson, Gerald Goff, Jackson Gonzales, Muni Gounder, Michael Heera, Isaac Hobson, Pryce Howearth, Jubbar Koya, Shailendra Kumar, Rezin Leaunoa, Samuel Lythe, Faizad Mohammed, Shakeel Mohammed, Shane Mohammed, Ravi Naidu, Dinah Ogabang, Peter Park, Harry Petersen, Avinesh Michael Prasad, Simon Sahim, Harinder Sandhu, Armajit Singh, Bhupinder Singh, Bikramjit Singh, Davendar Singh, Gurbrinder Singh, Jasjot Singh, Jujhar Singh, Lakhwinder Singh, Partap Singh, Shamsher Singh, Sulinder Singh, Harmandeep Singh Gill, Puneet Singla, Tiffany Sio, George Taiapo, Trudy Timmo, Terry Tuatea. MAINFREIGHT PORT OPERATIONS CHRISTCHURCH Sameh Awadalla, Ray Bradcock, Emily Cardwell, Dean Coates, Gurpreet Dhillon, David Dickson, Adrian Ferguson, Harsimran Goraya, Nicholas Gray, Carolyn Kirby, Gary Sellars, Wendy Smith, John Williamson. MAINFREIGHT PORT OPERATIONS WELLINGTON Lester Hearfield, Wayne Kilgour, Gabriel Maurice, Jeremy Rawiri, Tony Roberts. MAINFREIGHT 2HOME AUCKLAND Antonio Aufai, Abdul Badsha, Roland Blignaut, Martin Cannon, Jagroop Chahal, Ratish Chand, Raghu Chhabra, Ella-Lee Cihak, Anna Cihakova, Joseph Collins, Cindy Crosbie, Darren Cummins, Kavita Devi, Reydintor Domacia, Alan Enslin, Tama Fasavalu, Jeffrey Fuatogi, Kyle Glass, Geronimo Guado, Malcolm Holm, Jahran Katene, Joe Kawau, Mohammed Khan, Junior Leai, Nukutawhiti Mano, Lisa Martin, Jared Martinovich, Siosifa Ma’u, Zain Mohammed, Milad Mohebbi, Ben Monro, Deshon Motufoaki, Michael Munns, Daniel Ngawaharau, Sanny Ng-chok, Jared Nuku, Jacqui O’Connor, Dhiren Patel, Mahendra Patel, Jeremy Patterson, Kani Peneueta, Jason Pullen-Burry, Abdul Rehman, Estelle Rewiri, Hannah Rolleston, Justin Scrivener, Dharminder Singh, Hardeep Singh, Manjit Singh, Paramjeet Singh, Grant Smith, Dione Solomona, Jamal Stent, Lisa Tagoai, Allan Tango, Christian Tito, Te Rangi Tongia, Khotez Turua, Ioane Viliamu,

Joey Viliamu, Bianca Vuetibau, Peter Wallis, Jeremy Wells, Sheree Whitehead, Greg Wong, Kai Yao, Arthur Atoaga, Jameson Comin, Joshua Feleti, William Iose, Lisa McCarthy, Liam Murray, Brendon Te Kanawa. MAINFREIGHT 2HOME CHRISTCHURCH Ryan Berry, Hemi Blackler, Chris Bramley, Steve Brinkhurst, Grant Brinsdon, Jesse Broughton-Row, Stuart Campbell, Harry Cockram, Greg Cooper, Simon Cowper, Tony Cummings, Alex Dawson, Tom Dawson, Garren Day, Daniel Diamond, Mansell Diamond, Luke Donaldson, Rob Duffy, Manaia Edwards, Tracy Hapi, Aaron Hartley, Cameron Hay, Rob Hayes, Alex Holmes, Elijah Hosking, Jaysin Hurrell, Abbey Kirk, Richard Kotlowski, Katie Newsome, Chelsea O’Connor, Wayne Pahl, Caitlin Percasky, Luke Percasky, Morgan Rangi, Richie Richmond, Earl Ritani, Nicky Scott, Campbell Smith, Xavier Te Wano, Lance Warren, Cody Williams, Hayden Winter, Ben Wright, John Wright. MAINFREIGHT 2HOME WELLINGTON Maqbool Khan, Maheshbhai Patel, Adoar Shamon, Charles Simpson. MAINFREIGHT WAREHOUSING AUCKLAND 68 WESTNEY ROAD Javiah Brown, June Daniels-Strickland, Thomas Hopkin, Samuel Joe, Abhinash Lal, Tania Lelenoa, Tim Logan, Suzie Munns, Steven Nikoia, Pola Ropati, Tania Sandhu, John Vaihola, Derek Vala’Au. MAINFREIGHT WAREHOUSING AUCKLAND HIGHBROOK Sam Angus, Craig Baird, Harry Coulson, Mo Khan, Amrita Ram, Sonia Rani, Kim Sour Soy, Zak Swift, Caitlin Taiapo, Daniel Tomlinson, John Vanderwew. MAINFREIGHT

WAREHOUSING AUCKLAND JAMES HARDIE Maria Carbonilla, Milan Cihak, Bronson Daniels, Onyx Fiatau, James Fuamatu, Ben Hadley, Lorraine Howard, Sheenal Kumar, Ashwine Lata, Sautia Misa, Jack Saena, Severe Sepeli, Joshua Sika, Lovepreet Singh, Nathaniel Soane, Reagan Tapuai, John Vaifale, Jakob Williams. MAINFREIGHT WAREHOUSING AUCKLAND LANDING DRIVE Todd Feng, Patisolo Feo, Arthur Hoeft, Gladys Iehu, Priyashna Lal, Nikita Macaulay, Satish Ramaswamy, Luke Rudolph, Sikha Santawirya, Charan Singh, Adrian Tohovaka, Cody Watts, Harry Yang.

MAINFREIGHT WAREHOUSING AUCKLAND MAINFREIGHT LANE Shivendra Baram, Som Boonsermsukcharoen, Mikaera Brown, Rohit Dawar, Laisene Emilio, Teisi Finau, Sekonaia Fungalei, Manpreet Kaur, Varinder Kaur, Allan Lowe, Cristina Lumby, Carlos Maddigan, Ethan McGinty, Colin McPherson, Kienan McPherson, Albert Miratana, Petelo Motulalo, Hetal Patel, Roshlene Raj, Harpreet Rupal, Hansell Semau, Navdeep Sodhi, Theresa Tahi, Stanley Tuipulotu, Ondre Tupou, John Valu, Scott van Breugel, Dean Walters.

MAINFREIGHT WAREHOUSING AUCKLAND MANU STREET Reef Black, Joseph Bosinch, Paul Brownhill, Trudy Burt, Jack Casey-Pickering, Benjamin Clark, Peter Clark, Michael Healey, Clarke Hegan, Dennis Ikenasio, Sam Irving, Swapnil Jose, Gitesh Kishore, Sangeeta Lal, Francis Lee, Hosea Maloni, Steven Mcintyre, Melvin Nair, Joesph Ngere, Ronald Prasad, David Rereiti, Shiraaz Shah, Nicholas Singh, Kim Sipeli, Alvin Swamy, Piesi Tama, Maree Tautaiolevao, Andy Tongia, Pratharpa Wanasuriya, Jeremy Williams. MAINFREIGHT

WAREHOUSING AUCKLAND NEALES ROAD Semi Ah Chong, Rohit Arora, Steve Bucheler, Alex Chen, Thomas Haliday, Patrick Iese, Rahsaan Iese, Jodie Jackson, Harley Jacobs, Parliament Kaikura, Kulwinder Kandhola, Yosef Kanon, Kamilo Lene, Darius Mamea, Jacob McDowell, Raj Pal, Jonathan Seller, Caitlin Shea, Harmanpreet Singh, Jarmanjit Singh, Mantej Singh, Nirmal Singh, Parminder Singh, Saddamhusen Sipai, Jester Supan, Junior Tito, Denise Togo, Alvin Vaisa, Ofa Vave.

MAINFREIGHT WAREHOUSING AUCKLAND O’RORKE ROAD Leulumoega Afioae, Chaenala Bennett, Paul Claydon, Kim Curtis, Marcio Da Silva, Talia Ioasa, Sam Kalauta, Paulo Lafaele, Sione Otoota, Patrick Patalesio, Khodie Tagoai, Amasaia Valu, Aaron Wilson. MAINFREIGHT WAREHOUSING AUCKLAND SAVILL DRIVE Ian Akaiti, Jason Byun, Isaac Faitau, Inoke Fifita, Joshua Horrell, Tauelangi Kefu, Sean-Ben Kiria,

Sharmen Kumar, Leviniya Laeli, Amelia LeeHussien, Lafina-Eve Leslie-Nua, Zachariah Makani, Baker Moalele, Simona Nelisi, Tangi Pekepo, Tangapiri Pokoina, Satish Prasad, Daniel Sharma, Charanpreet Singh, Jennifer Singh, Nick Smith, Samuel Suamili, Diamond Tavita, Lachlan Walker, Leighton Watts, Ryan Wong. MAINFREIGHT WAREHOUSING AUCKLAND WESTNEY ROAD Gajendra Budha, Kunal Chand, Pranish Chand, Morgan Davis, Tom Dods, Tom Fenwick, Maika Finau, Brandon-Lee Fonoimoana, Ankur Ghuliani, Warren Hall, Travis Hari, William Hay, Salmaan Hussein, Simeon Ioane, Ioasa Ioasa, Faamanatu Isaia, Deborah Jackson, Emma Jackson, Nathan James, Tau Kaho, Shivchal Karan, Salesh Kishore, Levi Kite, Nicole Koen, Sonika Lal, Chris Leilua, Esmond Lum, Simi Mareko, Ashwin Mohan, Ankush Nagol, Anh Nguyen, Shakiro O’Brien, Karan Patel, Graham Po Ching, Zane Polley, Jai Prasad, Kelvin Prasad, Roneel Raj, Dallas Rawiri, William Sabiston, Tony Sagaga, Mandeep Singh, Palwinder Singh, Lucky Suemai, Mulivai Televave, Alexander Tiputoa, Isaac Uepa, Bluee Unasa, Mladan Yagmich. MAINFREIGHT WAREHOUSING CHRISTCHURCH ISLINGTON Richard Blake, Tom Clyma, Brittney Haumu, Andriy Kozin, Andre Laredo, Carissa Leka, Lewis McCoshim, Louis Mori, Aidan O’Connor, Joshua Pavelka, Poasa Seiuli, Kirk Simpson, Dean Williams. MAINFREIGHT WAREHOUSING CHRISTCHURCH MCALPINE STREET Walter Bi, Ben Bowie, Isaac Breach, Patrick Bryant, Wayne Busson, Levi Collins, Joel Cowper, Richard Cowper, Tim Donnelly, Gareth Evans, Mo’ui Fataua, Diane Franks, Samuel Green, Caitlin Grice, Tanisha Haumu, Jack Henshaw, Tom Hunter, Bernard Jagers, Akshay Jindal, Andrew Kay, Geoff Lulham, Hugh Lynch, Cameron McKenzie, Guy McMenamin, Sam Nielsen, Tyler Pakau-Narayan, Aslyn Pennington, Kemueli Rabuku, Brynley Riches, Matt Riches, Sue Riches, Angela Richmond, Mark Ritchie, Sandra Ritchie, Jessica Rowe, Kristin Sadd-Peawini, Andrew Salmon, Anthony Sialeipata, Brayden Simkin, Harjit Singh, Lovepreet Singh, Sarabpal Singh, Garth Sutton, Kale Thatcher, Luke Trounson, Hamish Wolfrey, John Wolfrey, Robert Woods. MAINFREIGHT WAREHOUSING CROMWELL Janal Johnston, Jayden Kennedy. MAINFREIGHT WAREHOUSING DUNEDIN Martin Swann, Bruce Wilson. MAINFREIGHT WAREHOUSING HAMILTON Olly Bosworth, Adam Ferguson, Phillip Koopu, Zachery Litchfield, Andre Paladin, Blake Seavill, Ethan Slater, Tangaroa Taara. MAINFREIGHT WAREHOUSING TAURANGA Stu Clarke, Sean Coyle, Paul Grimes Coyle, Yana Heath, Alex Hubers, Ron Kwan, Lawton Rebbeck, Ashleigh Tauai, Zach Cogen-Beck, David Simpson. MAINFREIGHT WAREHOUSING WELLINGTON Te Rangi Hata, Gregory Hunter, Kaleb Lockyer, Matthew Roodbeen. OWENS AUCKLAND Aldre Abarro, Frank Aholelei, Charlotte Baken, Manjinder Bhathal, Sheik Bobby Dean, James Boyd, Michael Brown, Sami Chand, Shirron Clarke, Aisea Cokula, Daiana Cokula, Tiwihou Cope, Murray Craig, Leanne Drube, Blake Ewe, Jacob Eyre, Faustina Faaolo, Tema Faifua, Sage Fatialofa, Jeremon Galiki, Sefulu Gaugau, Teremoana Goldsmith, Tim Hayward, David Heka, Dominic Hunt, Peni Iongi, Eun Sik Joo, Elaine Kaliopasi, Telea Kasipale, Vou Katuke, Robert Kealey, Anish Kumar, Ashika Kumar, Lalit Kumar, Nitesh Kumar, Ravin Kumar, Salesh Kumar, Neelam Lata, Aliana Likio, Tino Liufau Pio, Rebekah Lopau, Emma Lowry, Andrea MaCleod, Ioritana Mae’a, Lloyd Mahara, Pravin Maharaj, Savi Maharaj, Joylene Malofie, Christian Marsters, Upoko Maruariki-Taoro, Mike Masters, Macayla Masters-Clarke, Timoci Mavesi, Jackie Mein, Pati Moala, Gabriel Moore, Sophya Mossan, Ali Mumtaz, David Murray, Michael Mutimer, Viveet Nadan, Leena Nand, Kartick Narayan, Junior Nathan, Jayantkumar Patel, Christopher Pickering, Taleo Pio, Brooke Pope, Shavneel Prakash, Vinal Prasad, Kaleb Raharuhi, Vinit Raj, Nileshni Rattan, Davante Renata-Leaf, Gerrard Robinson, Sukhi Samra, Ali Schustor, Samil Sanesh Sewak, Atul Sharma, Rohit Sharma, Salendra Sharma, Vinnie Sharma, Jared Sherwin, Davinder Singh, Gurdev Singh, Jagdeep Singh, Jobanpreet Singh,

Neil Singh, Niraj Singh, Raj Singh, Nicola Skinner, Andrew Smith, Brandon Solomona, Archie Stephens, Robert Stevens, Junior Stowers, Shayne Tall, Joseph Tatafu, Fuataina Tauofaga, Andrew Tautari, Dibley Tokimua, Peter Topia, Siaosi Tuanai, Mafioli Tuipulotu, Paongo Tulimaiau, Jermaine Tusa, Mark Upokomanu, Kathryn Wilson, Elliot Winiata, Kobe Winiata, Candy Worden. OWENS CHRISTCHURCH Keith Bedard, Rachael Bedard, Linda Blain, Darrell Blayney, Ashleigh Burnham, Terry Burns, Benjamin Busson, Angelo Chandra, Jamie Custers, Phil Dawe, Callum Field, Janine Gordon, Michael Heremaia, Jackson Hill, Kevin Huang, Deane Hunt, Alice Kavet, Keith Kenyon, John Kerr, Robert King, Shubham Kumar, Jerome Lim, Yupeng Ma, Nick Max, Guy Murgatroyd, Mcgee Nimmo, Xin Ning, Ricky Niu, Singh Pavinder, Ashley Riley, Thomas Rudin, Sanjayman Sharma, Jimmy Shearman, Jaspreet Shergill, Manpreet Singh, Narender Singh, Sam Singh, Sukhchain Singh, Inderjeet Sran, Kareena Sullivan, Marty Sun, Le Tan, Allen Tian, Rowan Traue, Desirae Watkins, Joanne Watts, Haobo Xu. OWENS WELLINGTON Ala Aiono, Sally Bryant, Alby Mahuika, Allen Marchant, Toi Morehu, Harminder Singh, Johan Soeteman. OWENS TANKERS AUCKLAND Andrew Calvert, Maurice Clarke, Joe Curtis, Tom Davis, Jock Dixon, Joseph Faleapa, Sudhir Kant, Brian Keogh, Pera Maxine, Reza Motadeli, Guy Small, Marilyn Syms. OWENS WAREHOUSING AUCKLAND Rebecca Anderson, Adrian Carbonilla, Onetale Lefai, Konelio Leone, Faafefete Leota, Danielle Noa, Andrew Proctor, Rajiv Reddy, Milka Sagi, Andrew Sesani, Maninder Singh, David Stein, Florence Tino, Mateo Tino. OWENS WAREHOUSING CHRISTCHURCH Grant Breach, Melissa Butland, Bryce Coulter, Emily Fowler, Rebecca Hayward, Chunguang Hu, Ethan Irving, Andrew Maxwell, Richard Owen, Ivan Peek, Jim Rabuku, Sophia Shaw, Nikita Swarts. TRAINING TEAM NEW ZEALAND Donna Barrett, Charlotte Carpenter, Abigail Chilcott, Rochelle Coster, Erica Dash, Trace Donaghey, Gary Dyason, Isabella Giltrap, Kate Hoar, Rachel Hustler, Lizzie Judd, Kirsty Michell, Alexia van der Zanden, Logan Williams.

AU

AUSTRALIA CAROTRANS BRISBANE Antonio Agpalza, Christopher Bamford, Rosina Poa, Anna Slater, Peter Tombling. CAROTRANS MELBOURNE Montana Agostino, Sindy Bartlett, Debra Carr, Jade Carter, Hannah Clegg, Paula Herden, Alexander Jones, Kloe Jordan-Wilson, Philip Natoli, Andrew Petersen, Jacinta Polzella, Jack Sheridan, Chantelle Tota, Hayley Vinci. CAROTRANS SYDNEY Adam Coffee, Jasmin Cvijanovic, Gregory Doherty, Rithika Jaiprakash, Jessica Molyneux, Dylan Reducka, Diana Scott, Fabian Vargas, James Warren, Kate Winterburn. CAROTRANS TASMANIA Melanie Hill. CHEMCOURIERS ADELAIDE Kendall Anderson. CHEMCOURIERS BRISBANE Troy Blacklock, Steven Blackmoore, Luke Hubert, Kevin James, Amanda Johnston, Garry Kennedy, Jake Kennedy, Pankaj Kumar, Jason Levy, Alexander Luke, Kim Marie McCracken, Samuel Modra, Darius Moldovan, Ezechil Opris, Tyrique Pearman, Mitchell Pratt, Tarsem Sandhu, Ashleigh Sinclair, Shashvat Singla, Benjamin Tisdall, Koka Vukeni, Tere Webb, Udvardi Zoltan. CHEMCOURIERS MELBOURNE (CLAYTON) Marli Adendorff, Brian Aspinall, Mehdi Bahrami, Puneet Baweja, David Carswell, Matthew Cartledge, Ethan Coates, Kevin Dicker, Trung Thai Duong, Maddison Graue, Goran Grbic, Travis Hackling, Scott Jones, Lyly Lai, Henry Lam, Hao Phuoc Le, Holly Licciardo, Katrina Miller, Shertim Muratovski, Radmilo Nedic, Hiep Nguyen, Thanh Sang Nguyen, Maddison Rae, Lauren Ross, Satpal Singh Sandhu, Anna Smith, Sengly Tann, Riki Tipene, Turoa Tipene, Hai Tran, Isaac Tufuga, Jake Walter, Kelly-Jo Wells, Chloe Wood.

CHEMCOURIERS MELBOURNE (EPPING) Mitchell Ahrens, Edward Mulvenna, Joshua O’Rorke, Montel Pritchard, Stephanie Rabbito, Martin Stronge.

CHEMCOURIERS PERTH Susanne Meechan. CHEMCOURIERS SYDNEY Bilall Ajaj, Sam Ale, Ridhwaan Ali, Riyaz Ali, Liam Bainbridge, Elie Boulos, Matthew Brown, Naman Chand, Reigan Crosby, Kristen Flood, Joeffrey Frias, Caleb Fungo, Cebbar Gergoy, Jason Gerondis, Constantinos Gremos, William Hamdi, Liam Hastings, Matthew Ishak, Abdul Kalam Buksh, Ousama Kheir, Nicholas Kim, Andrew Kyei, Aakash Mankotia, Timothy Meredith, Tan Duy Ngo, Dylan Ngov, Samantha Nikolovski, Kelela Pasina, Eva-Lynn Patai, Natasha Perese, Faimai Pisu, Motiana Pisu, Victoria Potifara, Jake Roberts, Daniel Ross, Andrew Salelesi, Saipele Salelesi, Tagi’ilima Salelesi, Hement Samy, Brien Sea, Elvis Sehovic, Ravi Vikesh Sharma, Terry Tallar, T-Jay Tallar, Antoinette Te Runa, Evangelos Triantafillou, Lokomaikaiokalani Vaisagote, William Wang, Abdullah Yakub. MAINFREIGHT ADELAIDE Nicholas Adams, Cherie Aunger, Ricky Aunger, James Brook, Christopher Cammarano, Pauline Cammarano, Amanjot Cheema, Jae Cook, Joshua Cummins, Katrina De Koning, Danyl Drabsch, Jason Dunstall, Jesse Ebert-Hudson, Sarah Ferraro, Taryn Fowler, Arthur Gentle, Joginder Singh Gill, Shane Gnitecki, Michael Goldfinch, Patrice Hall, Michelle Hanson, Shaun Hurrell, Daniel Irimie, Robert Jones, Shane Kinnear, Jody Knight, Jeffery Levett, Kade Lonergan, Napinder Mann, Ashleigh Marsland, Kyton Marsland, Dominic Martino, Nicole McShane, Liam Miller, Carl Mohor, Lauren Neldner, Jessica Peregi, Stephen Phillips, Leah Raphael, Mark Richter, Lynne Rooney, Sandeep Saini, Thomas Scholtus, Garry Semmler, Mitchell Simons, Brayden Simpson, Amrinder Pal Singh, Gurbakshish Singh, Gurpreet Singh, Harjit Singh, Kuldip Singh, Vajinderpal Singh, Jack Star, Justin Stoyanoff, Stefan Stoyanoff, Tom Stoyanoff, Andrew Tait, Steve Thorpe, Danny Tremonte, Anthony Verlato, Aaron Ward, Stewart Wilkinson. MAINFREIGHT ALBURY Vishu Arora, Steve Beaumont, Kenneth Brown, Shannon Dalton, Jason Ellingham, Georgia Fay, Michelle Foye, Bradley Gambier, Tori Graham, Joshua Green, Kym Hullick, Matthew King, Ranbir Singh Maankata, Luke McCluskey, Ryan Muir, Craig Perry, Michael Pryor, Isaac Simpson, Amandeep Singh, Avtar Singh, Dapinder Singh, Davinder Singh, Parkash Singh, Dean Steele. MAINFREIGHT BALLARAT Damian Curran, John Francis Lloyd, Iupita Lotoaso, Vanessa Maxwell, Scott Nunan, Benjamin Poursanidis, Parveen Singh, Andrew Sporne, Joanne Van Gils. MAINFREIGHT BENDIGO Claude Ayrton, Darren Dean, Jeremey Dettmann, Shane Mataiti, Mitchell Nice, Graham Spedding, Lidia Tonkin, Neil Walker. MAINFREIGHT BRISBANE (LARAPINTA) Haris Akram, Ruth De Lautour, Indira Abrahams, Zachary Addison, Tommy Ah Wong, Damilare Ajiboye, Mohammed Ali, Mohammed Faiyaz Ali, Rihaan Ali, Claudiu Andrasescu, Amanda Aplin, Lisa Ardern, Sorcha Barnes, Andrew Benson, Karla Blowers, Kim Bonney, Aaron Bourke, Adam Bradbury, Anesh Chand, Ritesh Chand, Mark Charvell, Jennifer Chuabunmi, Breanna Clode, John Cohen, Ashlei Coppenrath, Greg De Lautour, Daniel Debrincat, Hayden Delahunty, Andrea Dennehy, Dixon Douglas, Roy Faifai, Tiana Fogwell, Martin Fry, Iopu Fuifui, Wayne Fursland, Lucas Goldblatt, Shari Groves, Kristof Gyorky, Angelina Harper, Stacey Heard, MIchael Heironymus, Rebecca Holmes, John Holpen, Samuel Hudson, Chase Inia, Tony Inia, Cristian Istrate, Dragan Ivesic, Vikram Jit, Steve Jovanovic, Amanda Karipa, Brad Carlo Keating, Dallas Keevers, Bhupinder Singh Kharaud, Jayson King, Linda King, Sharvin Kumar, Sunil Kumar, Bradley Lahey, Thomas Lennon, Constantine Leota-Tui, Joakim Leota-Tui, Arshpal Singh Lidher, Nikki Lindsay, Jamie Lovell, Natu Manao, Amninder Mangat, Harrison Martin, Shaun Martin, Bradley McGrath, Nathan Medhurst, Rodolfo Morales, Jaidyn Munro, Michael Murray, Khalid Naved, Zoltan Neer, Michael Niesler, Tomane Ofisa, Bradley Ogier, Pankajkumar Patel, Callum Patterson, Ian Patterson, Nicholas Pell, Tod Poole, Abdur Rasheed Ali, Sophie Savage, Faith Scheid, Ben Scholes, Amber Scott, Ashleigh Scullion-Gilpin, Balraj Deep Singh Sekhon, Mohammed Shahid, Quinn Sherriff, Vavega Silinga, Jonathon Silver, Harshawinder Singh, Ramandeep Singh, Sachleen Singh,

Sebastian Smith, Todd Smith, Liesel Stevens, David Stewart, Charles Sutcliffe, Stephen Te Hau, Sunil Thakkar, Katie Thompson, Darcy Treanor, Jay Tuautu, Vesi Tuautu, Matangi Tukiuha, Ivan Turangakino, Terence Utai, Uhila Vakameilalo, Akos Varga, Caitlin Whitty, Emma Wiersma, Robert Williams, Scott Williamson, Bryan Wong, Alexey Yagodin. MAINFREIGHT BRISBANE (NARANGBA) Samuel Anderson, James Brown, Jessica Cuming, Gurdeep Singh Dhaliwal, Jemma Gleadhill, Jacinta Gremond, Beau Harvey, Tevita Kaliopasi, Kieran O’Driscoll, Elizabeth Purdom, Adam Real, Sikander Singh Riar, Navdip Sanghera, Navdeep Shori, Martin Short, Alex Spina, Benjamin Usher, Taylah Weston, Jack White. MAINFREIGHT BUNBURY John Keen. MAINFREIGHT CANBERRA Jahmal Batchelor, Leonie Blundell, Stanley Byrnes, John Edwards, Steven Edwards, Kai Ehlers, Ashley Hemopo, Jack Northall, Alyssa Pilgrim, Avtar Singh, Dawinder Singh, Antonio Vailoaloa, Kieran Wickham. MAINFREIGHT GEELONG Jaswinder Baidwan, Madeline Graham, Ranjan Grewal, Deepak Kumar, Monique Latorre, Sheldon Miles, Felix Price, John Seaver, Evan Wailes. MAINFREIGHT GOLD COAST Reece Cassidy, Cassandra Collins, Casey Downs, Connor Harper, Deon Jackson, Mark Jackson, Michael Jones, Rhys Mahy, Glen Manewell, Mitchell Nolan, Joshua Parker, Chris Were, Maraea Wharemate. MAINFREIGHT MELBOURNE (CLAYTON) Nicole Adendorff, Vijay Ahluwalia, Cameron Aldridge, Nelson Aravjo, Jenny-Maree Armel, Kanwalpreet Atwal, Nathan Bentley, Nirmal Singh Brar, Craig Britto, Brigitte Brown, Huy Quang Bui, Aaron Campbell, Vince Cecil-Daniel, Bin Jing Chen, Aaron Croft, Peter Daly, Andrea D’Cruz, Slade De Winkel, Kim Devine, Jasvir Dharni, Guo Qiang Dong, Steven Edwards, Taylor Evans, Craig Fenney, Mirjana Fifita, Anton Fitt, Arona Galuvao, Mafutaga Galuvao, Anthony Garland, Semi Godinet, Jason Govaars, Ross Grace, Jordyn Green, Callum Greig, Barinder Grewal, Luke Grimes, Ali Reza Hassani, Faye Henderson, Kathleen Hill, Dane Hoffner, Chithrinee Howell, Jake Howell, Sadaat Hussain, Tristan Hutchins, John Iakopo, Sureshreddy Indurthi, Dennis Iosefo, Harrison Irvine, Jesse Jansz, Dejan Josipovic, Benjamin Keane, Sandeep Khehra, Miki Kolek, Miguel Ku, Jiawei Kuang, Raymond Lal, Daniel Lamblin, Samnang Lay, Yu-Teng Liu, Madeleine Lynch, Huu Mai, Jack Mandic, Andrew Mase, Scott McGill, Muamer Muratovski, Shenol Muratovski, Surender Nagulapally, Krishna Naidu, Arren Nayna, Rowan Nayna, Henk Nekker, Nhiem Van Ngo, Vu Ngo, Hoai Nguyen, Huu Tuan Anh Nguyen, The Cuong Nguyen, Tien Nguyen, Tony Nguyen, Mohamed Osman, Osman Osman, Avinder Pandher, Luke Pavey, Emma Pedler, Hung D Pham, Sukhdeep Rangi, Terry Rawiri, Pepper Ray, Malcolm Reynolds, William Ristic, Elmedina Sadinlija, Amandeep Sharma, Rupesh Sharma, Baljit Singh, Darshdeep Singh, Davinder Singh, Khushdeep Singh, Ravinder Singh, Rupy Singh, Apinder Singh Jawanda, Chloe Smith, Xavier Smith, Matthew Solomon, Rodney Stuart, Hanh HQ Ta, Ashley Teao, Dane Ten-Wolde, Cara Thompson, Jay Thorpe, Tinika Tipene, Ashley Tirant, Diem Tran, Duc Truong, Han Truong, Lanh Truong, Van Be Truyen, Sanele Utupo, Sitiveni Vakacavu, Joseph Vibal, Hung Dinh Vo, Huy Minh Vu, Srdan Vukovic, Jennifer Wanigasekera, Sheridan Weaver, Stacey Wells, Sonny Wendt, Andrew Weymouth, Willie Wharewera, Sankha Wijetunga, Alphonso Williams, Helen Williams, Steve Wright, Armond Wu, Aleina Zerrudo, Quan Zhou. MAINFREIGHT MELBOURNE (EPPING) Esther Adams, Marola Amin, Kristina Andreevska, Rajvinder Bains, Yousef Bastani, Jagrajwinder Benipal, Amanda Borg, Clement Boydell, Mandeep Brar, Luke Butros, Hannah Carabott, Alanah Cecconato, Amiee Chambers, Nimitra Chandran, David Ciardullo, Jeremy Collins, Stephanie Conduit, Bryan “BJ” Curtis, Hung Duy Dao, Gurpiar Deol, Grant Draper, Christian Dryden, Mohamed Ebrahim, Jared Ekkel, Antoni Erdeg, Josephine Fava, Steve Felise, Soteria Folaumoeloa, Anthony Galea, Bradley Gallagher, Brice Giacomantonio, Zack Gligurovski, Bradley Greer, Kathryn Harris, Wayne Harris, Simon Hart, Imraan Haylaz, Edmila Hebel, Jane Henry, Katherine Hicks, Zachary High,

Tanya Hillier, Tohidul Hoque, Shengdong Huang, Stephen Hulm, Wisam Ibrahim, Wisam Ibrahim, Janberk Ilhan, Amol Jagdale, Waael Jallo, Leah Jones, Riyaz Jordan, Mele Kaliopasi, Balwinder Kaur, Jason Kennedy, Gurdarshan Khosa, Carolyn King, Joseph King, Troy Kirwan, Anastasios Kourkoulis, Anil Kumar, Deepak Kumar, Chung-Hsuan Kuo, Violeta Kuzmanoski, Dianne La Velle, Kam Lee, Baojian Li, Kevin Lloyd, Michael Mackenzie, Cameron MacLean, Paul Mahfoud, Amjad Majeed, Gagandeep Singh Mangat, Tarun Markapuram Shivaprakash, William Marrion, Andrew Marshall, Mercedesz Matskassy, Marcel Maunsell, Natasha Meyer, Julian Mihal, Kelsey Mitchell, Lewis Moore, Rodd Morgan, Ahmed Mourad, Morgan Munro, Vilash Nand, Tosko Nastevski, Debra Netherway, Amanda Nugent, Caryl Nuique, Taila Oosterhof, Nicholas Payne, Edward Pearson, Hai Pham, Mark Phelan, Sammy Phommachanh, Andrew Plonsker, Jack Poole, Luisa Pouono, Tommy Ristevski, Graham Robinson, Justine Rogic, Leasa Rowley, Brendan Ryan, Charlene Sarraf, Paul Scacco, Jessica Scicluna, David Scott, Funda Sener, Mohit Sharma, Amrinder Singh, Devender Singh, Gurpreet Singh, Harpal Singh, Jagpreet Singh, Jaskiranjit Singh, Jasvir Singh, Vikramjit Singh, Harmanjit Singh Jhandi, James Smith, Tayla Stankovski, Lukas Steel, Maryann Stellini, Natasha Stojkovska, Paula Suwart, Janaya Symons, John Tapuala-Unasa, Jonathan Tapuala-Unasa, Natalie Trajkovski, Branislav Trifkovic, Phil Truong, Vincent Tuua, Lilly-Regina Vaisa, Aline Van Buiten, Justin Velevski, Parmjeet Verma, Rajinder Partap Verma, Gagandeep Virk, Gabriella Vlasblom, Leigh Vlasblom, Richard Vlasblom, Sander Vreeburg, Massey Wade, Joyce Wain, Joe Wakefield, Georgia Warner, Jack Weiler, Martin Wierzbicki, Christopher Williams, Jaya Wirawan, Jordan Young, Stephanie Zaharias, Nathan Zahra. MAINFREIGHT NEWCASTLE Nathan Allen, Logan Annand, Steven Armstrong, Tarlia Babet-Williams, Manjit Singh Bains, Paul Beatson, Jacqueline Braeuning, Kristen Cameron, Tony Cross, Brett Cullinen, Peter Cunneen, Daniel Curtis, Samantha Daley, Vlad Dunda, Tom Enderby, Jessica Govan, Mitchell Grainger, Sam Hamilton, Joshua Harrison, Madison Hillier, Ruby Ho, Dylan Johnson, Ryan Kolstad, James Lawler, Ian Thomas Macpherson, Matthew Madden, Sasha Milenkovic, Tanya Milne, Brad Carlo Novarini, Robert Piltz, Kayla Pot, Byron Price, Steven Renton, Jessica Schuck, Kuldeep Singh, Stephen Smith, Ian Spruce, Craig Steer, Sydney Stevenson, Rachel Walker, Brooke Walklate, Gerard Wheeler, Jason Willoughby, Harrison Wright. MAINFREIGHT PERTH Muchsin Alaydrus, Greg Anthony, Mali Barber, Sarah Battaglia, Emma Black, Fraser Black, Christopher Brookshaw, Ayden Brown, Stephen Bull, David Burton, Mohamed Cheaib, Arun Chopra, Jake Colonico, Shaun Davy, Avtar Singh Deol, Raquel DiMaggio, Joshua Dutosme, Samuel Evans, Sinan Fazlilar, Jeffrey Field, Paul Gibson, Gurpreet Gill, Robert Glerum, Jesse Gray-Morgan, David John Gurney, Renato Hadziavdic, Daniel Harvey, Graham Herd, John Hope, Imogen Howes, Sarah John, Gene Johnson, Joshua Jones, David Kake, Angus Keith, Bjorn Kelly, Sarah Kemp, Jaskarn Singh Khanghura, Gurpreet Khangura, Jaswant Singh Kharoud, Pardeep Kumar, Rajesh Lohan, Hanna Matthews, Todd McCabe, Dasean McQueen, Michael Mills, Tane Morgan, Phil Nguyen, Yianni Papaliaris, Robert Rix, Annette Roberts, Amandeep Singh Sandhu, Dilbag Singh Sandhu, Pushpinder Sandhu, Ravipreet Sandhu, Damian Schoppe, Jatinder Singh, Rajdeep Singh, Andrew Stokes, Christine Sutherland, Marta Tamas, Simon Tasker, Graeme Tilley, Cameron Townsend, Piutau Tuitupou, Varinder Singh Tuli, Paul Van Dam, Huy Quoc Vu, Peter Webb, Hamish Williams, Shane Wilson, Daria Yuldasheva. MAINFREIGHT SYDNEY (ERSKINE PARK) Jackson Bartlett, Reegan Batchelor, Laura Blazic, Mathew Edwards, Nathan Emms, Natalie Hammond, Shardey Hancy, Natalie James, Dominique Javina, Samuel Jenkins, Bianca Kraljevic, Amanda Linfoot, Jonathan Lualhati, Loseli Manu, Erina Morehu, Solomone Naa, Laila Piantino, Lisa Profilio, Adam Robey, Wendy Salelesi, Abubaker Samadi, Christopher Sila, Liam Thompson, Nicola Thompson, Tahanui Tutavake, Anoti Vaka.

MAINFREIGHT SYDNEY (PRESTONS) Obaida Alameddine, Ramy Al Al-Haider, Renney Ama, Sharon Ama, Todd Austin, Martina Berdi, Mohammed Beydoun, Corey Braid, Harbans Brar, Amy Briggs, Belinda Bright, Caleb Brodrick, Tien-Anh Bui, Laisenia Burewe, Armani Busby, Shenaye Campbell, Ronald Chand, Ashleigh Collins, Kim Corpin, Blake Curran, Johnny Dang, James Darby, Mike Deli, Navdeep Deogun, Pamela Dilucchio, Alan Ebadi, Danny Ellyard, Hilal Fawaz, Mohamad Fawaz, Russell Fender, Amelia Fifita, Kooper Fiseris, Asipeli Fotofili, Joseph Anthony Franco, Duraed Gabrail, Tayfun Gezer, Imran Goraya, Vishnu Gounder, Namal Hamid, Thomas Han, Geoffrey Heard, Rosario Herbereau De La Chaise, Liana Hogarth, Kingi Hoskin, Declan Jackson-Harris, Kathryne James, Lolomanaia Kakala, Blake Kemp, Kash Khan, Eric Khauv, Sarah Kimmings, Zdravko Komsic, Sachindra Krishnan, Timothy Langereis, Megan Lawson, Rhiannon Mackey, Surendra Madala, Fred Al Malloo, Mark Mariano, Patrick Masaisomug, Gurvinder Singh Matharoo, Elias Matta, Michael McIvor, Joshua Meads, Robert Meredith, Yiannis Michael, Philip Millikin, Kayleb Milne, Daneile Moana, Richard Morales, Magele Muaulu, Avinesh Naidu, Niraj Navin, Tai Ngaau, Tan Nguyen, Vanessa O’Neill, Suza Paceskoski, Cindy Page, Pita Palepoi, Sunil Panchani, Malcolm Papa, Junior Papalii, Nagpal Parul, Vinay Patel, Steven Pavitt, Mick Pepper, Bill Perese, Oliver Petrovski, Thomas Pham, Christopher Phelan, Iosefa Pule, Michelle Purvis, Ragneil Ratnam, Donald Ravinesh Ram, Debbie Rawiri, Reti Reed, Channa Rodrigo, Rafael Rueda, Shiu Prasad Sambhu, Jody Savage, Strantz Schaumkel, Mirsad Serifovic, William Shea, Joshua Siddle, Ismael Silvera, Chandresh Bhan Singh, Pranit Singh, Randhir Singh, Tyreece Siofele, Naim Sioufi, Tyrus Sita, Alan Spackman, Stefano Tahi, Fredrick Tevaga, Mahmoud Thahir, Akanesi Tolo, Nicolaos Tourgelis, Jade Towle, Timothy Trainor, Anthony-Minh Tran, Zoran Trenkoski, Umit Tuncdoruk, Filipine Vave, Sione Vave, Vanja Veljkovic, Bruno Vidigal, Mark Vincent, Denise Vitellaro, Gary Vongphakdy, Ratu Vuibau, Vikrant Wadhwa, Mary Wall, Tershel Watene, Peter Wilson, Reginald Woonton, You Xu, Robert Young, Angus Zammit. MAINFREIGHT TAMWORTH Hayden Binks, Toby Bowen, Dominic Jones, Nicola Robinson, Douglas Williamson. MAINFREIGHT TASMANIA Gary Ritchie. MAINFREIGHT TOOWOOMBA Richard Briel, Aaron Fuery, Brodie Malone, Jackson O’Brien, James Podlich, Dana Slade, Clayton Walker. MAINFREIGHT TOWNSVILLE Keith Abrahams, Steven Ace, Jack Grimwood, Jason Hughes, Shannon Lamont, Tierre Mallinson, Joel Nikeller, Michael Richards, Peter Underwood,

Scott Wilton. MAINFREIGHT TRARALGON Kristian Barfuss, Brayden Hackling, Jamie Murphy, Harjoben Singh. MAINFREIGHT AIR & OCEAN ADELAIDE Cameron Allpress, Hayley Barnes, Gary Birmingham, Hayley Collins, Jaimie Collyer, Jodie Dirksen, Jessica Hautop, Adriana Marafioti, Georgina Neaylon, Bianca Newbery, Michael O’Donnell, Thi Ong, Caroline Pitman, Lisa Raimondo, Harry Sibley, Kanesh Sivashankar.

MAINFREIGHT AIR & OCEAN ALBURY Sara Belcher. MAINFREIGHT AIR & OCEAN BRISBANE Caitlin Anderson, Stephen Anderson, Kathryn Bailey, Monicque Bamford, Saskia Bemelman, Harriet BrodieDavis, Grant Carlson, Erin Carmock, Mitchell Currie, Camila Del Passo Brandao, Abbi Dilena, Catherine Gillick, Bailey Gooding, Myroslava Gopanchuk, David Hall, Adam Horne, Zuzana Horniak, Lindsay Keating, Karen King, Samuel Massey, Elly McKenzie, Nicholas Mckenzie, Christopher Meacham, Naia Morais, Corin Naicker, Legan Nyabenda, Sara Payne, Emma Peacock, Mehau Phillip, Elizabeth Saunders, Chantelle Stiege, Mitchell Stint, James Timoney, Jennifer Tully-Salinas, Lisa Turner, Ognjen Vuksanovic,

KaMing Wong, Jessica Wood. Joshua Noakes, Kayla Phuyal, Liong Purna, MAINFREIGHT AIR & OCEAN Ethan Redman, Margaret Reynolds, Gabrielle PERISHABLES BRISBANE Ian Austin, Ricketts, Elizabeth Rush, Rebecca Sears, James Blok, Tess Bogle, Tiarna Burns, Maral Shiralizadeh, Urvi Soni, Melissa Stanley, Seamus Cunningham, Adam Downing, Bryant Tan, Samuel Taylor, Sonia Taylor, Malcolm Elliot, Jack Hartley, Andrew Kelly, Jiamin Wang, Jiaqi Wang, Le Wang, Riwa David Kidston, Deanne Kramer, Daniel Wiki, Kit Woo, Sungwon Yoon, Hua Yu, Owens, Michael Poa, James Ramsden, Roselyn Yuen, Chen Zhao. MAINFREIGHT James Robertson, Melanie Sheppard, AIR & OCEAN PERISHABLES SYDNEY Stephen Simpson, Adam Smith, Michael Jordan Andersen, Darren Bird, Michael Thaow, Ian Thomas, Jessica Trace, Celine Blackburn, Mirjana Bridge, Skye Budd, Mark Van Staden. MAINFREIGHT AIR & Bugden, Matthew Canturi, Paul Enriquez, OCEAN CANBERRA Lee Ford-Griffiths. Petelo Falaniko, Lisa Harrison, Zara Harrison, MAINFREIGHT AIR & OCEAN GOLD Sophie Hill, Kathleen Hoglund, Lynda COAST Samuel Cooper, Renee Duemmer, Hopper, Michael Hunter, Kosta Ioannou, Raymond English, Jade Fogwell, Grace Dylan Jones, Tasman Jurd, Julie Lee, Marika Stewart. MAINFREIGHT AIR & OCEAN Lenzo, Lingxiao Li, Angela Lim, Joanne Mani, MELBOURNE Gary Atkins, Daisy Attard, Dean Maxworthy, Debra May, Tyrell Mayfield, Lochlan Barlow, Melissa Bartlett, William Sarah McMillan, Damien McNamara, Michael Brown, Sumanthraj Burli, Laura Burns, Taylor Neoklis, Mario Panic, Pepe Raela, Rebecca Burns, Monica Cahill, Sophie Caldone, Reid, Sofia Rida, Imran Shaikh, Joelan Tony Capuano, Kseniia Chudak, Darren Simpson, Kylie Strickland, Lee Symons, Ciantar, Kerry Cogan, Lisa Colombo, Antonio Joshua Thomas, Kurt Van Ummersen, Mia Cottonaro, Dave Coughlin, Julia De Rossi, Zhao. MAINFREIGHT AIR & OCEAN Daniela Dimitrijovska, Dorian Do, Thu Do, TOWNSVILLE Angela Etika-Fenwick, Elizabeth Fellows, William Fellows, Shalini Melyssa Hobbs. MAINFREIGHT FTL Fernando, Damien Ferris, Shania Finnigan, ADELAIDE Brian Cook. MAINFREIGHT Louise Gallardo, Fiona Goodwin, Stephanie FTL MELBOURNE Stephen Kay, Ashley Greenaway, Rachel Grover, Clancy Hall, Taylor, Victoria Thermos. MAINFREIGHT Samuel Healy, Nicole Hegeman, Hamish Hill, FTL PERTH Paul Read. MAINFREIGHT Bronte Houston, Sean Hutchinson, Aneta IT MELBOURNE Darrel Byrnes, Jonathan Jankovski, Melissa Kelly, Damien Kozelj, Holmes, Michael Hood, Aditya Hooda, Nicole Levey, PeiYu Li, Jing Liao, Jason Lister, Sandeep Kaur, Megan Mackay, Bruno Lee Liu, Jenny Ly, Jack Madigan, Sarah Marra, Andrew McLeod, Arun Narayanan, Martin, Tayla McHale, Bronti McKay, Julia Kate Oakley, Darryn Petricevich, Pagona McMillan, Roslyn Meli, Amanda Millington, Petricevich, Benjamin Renehan, Suman Michael Mortimer, Pam Moussiades, Matthew Shaganti, Justin Ventura, Anthony Mudge, Janine Nemeth, Lingna Ngo, Pawel Venuto, Marija Vukovic, Samantha Ward. Nowak, Luise Ockardt, Maximilian Oelhafen, MAINFREIGHT IT SYDNEY Matthew Charissa Ong, Sasa Opacic, Melissa Packett, Brittnee Patton, Vincent Pirozzi, Natalie Murphy, Mark Taai. MAINFREIGHT Poloni, James Ryan, Junsik Shin, Timothy METRO BRISBANE Nathan Adamson, Smith, Jason Spiteri, Rosemary Starr, Chloe Scott Aspinall, Alberto Basile, Sarpreet Straughair, Xiaoxia Sun, Brittany Taylor, Bawa, Noel Cumner, Jack Daly, James Travis Thorogood, Rebecca Tsiros, Daniella Date, Timothy De Beer, Pardeep Singh Gill, Verlaque, Connie Vinci, Yizhao Wang, Joanne Olivia Goldsack, Cody Hart, Yvonne Ili, Clint Warway, Ellie Wilson-John, Rosanna Wojcik, King, Ashok Kumar, Jignesh Kumar Patel, Paige Woodhouse, Vincent Woolfe, Bernie Steven Pomeroy, Manoj Punj, Avtar Singh, Xu, Jie Zhen. MAINFREIGHT AIR & Gurjot Singh, Harminder Singh, Harvinder OCEAN PERISHABLES MELBOURNE Singh, Jattana Singh, Josephine Smith, Khled Abbas, Matthew Aitken, April Ali, Yong Zhu. MAINFREIGHT METRO Aulia Badres, Christopher Barnes, Vincent MELBOURNE Meron Ashebire, Yilma Caruso, Teagan Collins, Megan Cooper, Ashebire, Ricky Ayres, Allan Ballantyne, Ryan Darmanin, Houssein Dekmak, Travis Tony Banga, Fadia Barkho, Lanelle Barkho, Dellar, Jay Dower, Mykhaylo Dyachkov, Daniel Casha, Nicholas Cerchiara, Kolio Mario Farrugia, Angelina Fernandopulle, Falealii, Bill Fraser, Matthew Goodwin, Dale Foote, Vincent Fu, Benjamin Green, Daljeet S Goraya, Rifet Gorovic, Navdeep David Grossman, Amy Habermann, Riley Johal, Palwinder K Joshan, Minh Quang Hemburrow, Julie-Anne Jordan, Lisa Lam, Mandy Lazaridis, Bereket Mulholland, Jordan, Rajini Kumari, Jordyn Luke, Ana Amrinderpal Pannu, Grace Polgar, Gurvinder McLeod, Jordan Mills, Shane Moroney, Singh Rakhra, Elvin Satendra, Ozkan Sener, Beau O’Connell, Damien Polgar, James Kamal Sharma, Bikramjit Singh, Gurjeet Riego, Melanie Savona, Anthony Schembri, Singh, Harmandeep Singh, Inveer Singh, Marcin Stopyra, Georgia Strada, Pavithra Malkiat Singh, Rajinder Singh, Ramandeep Tallam, Paolina Tortora, Travis Wadden. Singh, Satwinder Singh, Sukhdip Singh, MAINFREIGHT AIR & OCEAN Tarandeep Singh, Varinder Singh, Zoran NEWCASTLE Luke Chance, Benjamin Tomic. MAINFREIGHT METRO SYDNEY King, Scott Shea. MAINFREIGHT AIR & Arthur Alexiou, Irfan Ali, Mohammed OCEAN PERTH Emanuela Ambrosone, Ashifdar, Admon Audisho, Kirtesh Baran, Alexander Borovik, Megan Courtney, Lorin Nick Beti, Dallas Blitvic, Michael Blitvic, Deni Dillon, Dwayne Dsouza, Savannah Dsouza, Bozinovski, Jiri Cehak, Avinsesh Chand, Mariana Fearn, Jesse Galende, Loganayagie Rakesh Chand, Mayurkumar Chauhan, Govender, Bianca Harris, Brett Hoare, Ethan Cole, Tony Dimovski, Francisco Ferreira, Misha Mandalia, James McCrone, Taras Alexander Fitzgerald, Hadi Ghafary, Rgheed Melsom, Juan Ospina Cardeno, Jueyu Peng, ‘Ray’ Ghdhaib, Kylie Jones, Paul Jones, Cynthia Potgieter, Claudia Ramirez Suazo, Kire Josevski, Nishit Kothari, Andrew Jennifer Reid, Brendan Roche, Monica Kumar, Michael Lacey, Thanh Tong Le, Van Romero Arbizu, Stefanie Schroeder, Una Le, Christopher Maggs, Zac Mohamad, Tohovaka, Joel Ward. MAINFREIGHT Selvakumar Navarathinam, Tan Duong AIR & OCEAN SYDNEY Daniel Alterator, Ngo, Ngoc Dinh Nguyen, Thai Quy Nguyen, Lee Amour, Amber Bailey, Melissa Bakouris, Ricardo Odiamar Pan, Jayraj Panchal, Hong Elisa Bonica, Jake Burgess, Juan-Diego Diep Pham, Lindsay Puckeridge, Atma Ram, Cabada-DeSouza, Vanessa Carangelo, Pawan Rathnayake, Mihindhu Ratnayake, Shaniece Chamma, Mitchell Christie, Julie Maalek Sabih, Craig Smith, Didy Sun, Saso Costopoulos, Julie Deang, Aiden Erlik, Alla Sutarov, Dung Chi Taylor, Joshua Taylor, Ermoliev, Linda Fan, Salvatore Forzisi, Fidia Goran Trajkosi, Monathal Yousif, Meatham Ghazi, Julia Glavincevski, Tyne Green, Elodie Zeebala, Ghulam Zohori. MAINFREIGHT Harriman, James Hartigan, Seok Hong, MOBILE MELBOURNE Samuel Vanessa Jaconelli, Blake Kelly, John Kerry, Blowers, James Bower, Hamish Bradley, Jayda Leaf, Kin Li, Yanhua Li, Hoyeon Lim, Adam Davidson, Zacharius Fuimaono, Shaoji Liu, Warren Logan, Carol Ma, Jimmy Anthony Gebrail, Immanuel Iosefa, Peter Ma, Cassandra Mangan, Joumana Nasr, Minh Kwas, Nehemia Ngenzinabona, David Ngo, Natalie Nikolovski, Nguyen, Adam Rigden, Justin Tupuola,

KaMing Wong, Jessica Wood. MAINFREIGHT AIR & OCEAN PERISHABLES BRISBANE Ian Austin, James Blok, Tess Bogle, Tiarna Burns, Seamus Cunningham, Adam Downing, Malcolm Elliot, Jack Hartley, Andrew Kelly, David Kidston, Deanne Kramer, Daniel Owens, Michael Poa, James Ramsden, James Robertson, Melanie Sheppard, Stephen Simpson, Adam Smith, Michael Thaow, Ian Thomas, Jessica Trace, Celine Van Staden. MAINFREIGHT AIR & OCEAN CANBERRA Lee Ford-Griffiths.

Ethan Turner, Jeremiah Tyrell. MAINFREIGHT MOBILE SYDNEY Michael Bernardoni, Raymond Camillire, Daniel Kalastito, Suliano Mounga, Tony Pahulu, Patrick Reynolds, Bradley Sharp. MAINFREIGHT WAREHOUSING ADELAIDE Sean Howell, Scott Knight, Aaryn Minerds. MAINFREIGHT WAREHOUSING BRISBANE (LARAPINTA) Alastair Afele, Fetolofai Ah-Ching, Kale Christison, Jennifer Colditz, Timothy Craig, Jacob Fioriti, Kate Fraser, Paul Fraser, Sian Gaebler, Nicholas Gardner, Jakob Hansson, Gordon Hay, Nikki Hemmings, Barry Keleher, Nickie Libonda, Abraham Little, Jackson Matkovic, Brandon McCorkindale, Krik McDonnell, Christine Meekings, Jason Moroney, Shelby Moselen, Daniel Mullins, Alexander Odri, Jessa Pinili, Tracey Redman, Eric Taylor, Fiona Trebilcock, Michael Walker. MAINFREIGHT WAREHOUSING BRISBANE (RADIUS DRIVE) Sharda Contento, Alexander Finlay, Liam Fraser, Natasha Fraser, Stephanie Goldsack, Emma Hemmings, Michael Hurlimann, Po Iosia-Sipeli, Jesse Leotta, Matthew Little, Charlie McDermott, Bianca Reck, Brent Smith, Arthur Swann, Olomaene Tago, Damon Taylor-Grainger, Brandii-Leigh Webster, Harry Winterbourne, Simon Wishart, Michael Wuruki. MAINFREIGHT WAREHOUSING MELBOURNE (DERRIMUT) Eve Alexiadis, Laura Birtles, Vanessa Bogdanovic, Aaron Bond, Lucas Brzeski, Mensur Burnic, Sarah Cooper, Michael Datseres, April Farver, Mikaela Forgione, Antony Johns, Aleksandra Jovanovski, Patrick Kerr, Bradley Lightburn, Esekia Manuele-Malagaoma, Rhonda Marroun, Michayla McKenzie, Shahir Momin, Ghi-Ng Nguyen, Robert Nyblom-Price, Joseph Padua, Nam Phan, Jacob Regester, Mark Sammut, Ville Sarameri, Jasmin Skenderovikj, Zorica Talevska, Alexander Tillack, Serhiy Timoshchenko, Mathew Wain. MAINFREIGHT WAREHOUSING MELBOURNE (DEXTER DRIVE) Rhys Alvarez Dewar, Campbell Barclay, Molly Boswell, Serene Byrne, Jake Charles, Aidan Chick, Stephen Cordeschi, Michelle Costa, Michael Cvetanovski, Kaytlyn Davies, Riki Davies, Jacob De Battista, Omran El-Chaaban, Christopher Endigeri, Anthony Ennerst, Burak Etlik, Michael Galluzzo, Milka Ilijanic, Liam Jilla, Andrew Journeaux, Benjamin Kidd, Fiona Li, Jeremiah Lomboy, Daniel Martin, Tsayan Martin, Daniel Mason, Ioane Mauga, Nicholas Meehan, Angelo Michael, Natalie Mosley, Aviti Mulitalo, George Mulitalo, Anthony Nguyen, Nicholas Noye, Steven Papadopoulos, Samaraweera Perera, Andrew Phan, Nathan Power, Presley Purcell, Christian Roccuzzo, Sian Rogers, Daniel Romero, Tusi Siaunuua, Dalwinder Singh, Dean Sinnbeck, Clive Smith, Callum Stuart-Smith, Steven Tauai, Blessing Telea, Daniel Tirant, Aaron Varga, Michael Vasiliadis, Deepak Vasisht, Jason Wilson, Joel Winder, Shaun Winder, Huitao Zhou. MAINFREIGHT WAREHOUSING MELBOURNE (EPPING) Blake Andrews, Rizza Anicete, John Anitipa, Jayke Atkin, Liam Bailey, Jayson Bedford, Bruno Bonfa, Teghan Bonney, Samantha Boult, Matthew Bozzi, Mitch Bryan, Matthew Burke, Kristian Caceres, Alexandra Campbell, Dat Cao, David Ciancio, Lachlan Condron, Salvatore Costa, Jacob Curic, Michael Cvetkovski, Kimberley Davis, Luke Dibella, Nicholas Dinneen, Harry Dixon, Angus Edwards, Khoder El-Chaaban, Bursa Eroglu, Alexander Fitzpatrick, Anthony Folino, Tomas Gertler, Harley Gordon, Aaron Gorlitz, Marcus Hatzistavrou, Kiran Hayes, Nick Hodges, Erin Icbudak, Alexander Jordanov, Kristina Jusic, Maki Kanazawa, Khusvir Kaur, Kirsten Kerry, Jonathan Lau, Daniel Lavars, Nathan Lewis, Shannon Lomas, Henri Marks, Amer Mazloum, Peter McNally, Santino Merluzzo, Lachlan Millard, Peter Moodley, Michael Morello, Sergio Murakami, Andy Nguyen, Matthew Nicholson, Paris Nicolaides, Jerome Noel, Samuel Nyhuis,

Aidan O’Callaghan, Serhat Ozdemir, Lauren Peters, Mende Petrevski, Dominica Poutini, Tahlia Prestia, Rochelle Redderhof, John Sarkis, Emma Sharpe, Brendan Shergill, Haosheng Shi, Bozidar Simjanoski, Gabriel Simonetti, Harwinder Singh, Robbee Sollmer, Monika Stojkovska, Joshua Sumura, Jayden Tasev, Harmon Taulapapa, Valentin Teles, Ieremia Te’o, Eric Thea, Jason Thea, Michael Thermos, Madeson Thompson, Lauren Toseland, Nathan Trow, Renata Ugrinovska, Zak Wairepo, Jaafar Wannouch, Laura White, Lauren Wilson, Daniel Zanic.

MAINFREIGHT WAREHOUSING PERTH Helen Brookshaw, Craig Ellis, Matthew Elphinstone, Bradley Greipl, Alexander Griffin, Nicholas Marshall, Joseph McNamara, Justin Morris, Sasa Pelemis, Kyle Potgieter, Gerald Randle, Ricky Sassanelli, Curtis Spencer, Jhon Sumooc, Scott Taumata, Brendon Taylor, Zachery Taylor, Daniel Trapanovski, Ryan Vagg, Yokke Verbert, Tyson Vo. MAINFREIGHT WAREHOUSING PERTH (KEWDALE) James Adamson, Jaydn Carr, Hayden Elam, Joshua Matthews, Lauren Melsom, Shaun Passmore, Pauline Poi, Regan Sorensen, William Tuheke-Wade, Todd Vallerine.

MAINFREIGHT WAREHOUSING SYDNEY (EASTERN CREEK) Wares Ahmed, Sitani Alofi, Melanie Andrews, Ezekiel Barojabo, Aleesha Bishop, Brendan Burke, Andrew Christiansen, Wayne Collins, Rowan Cooke, Meg Grange, Lisia Haunga, Dominic Hibberd, Aaron Hoban, Daniel Howie, Arif Khan, Michael Klimo, Charis Leleimalefaga, Deborah Lui, Lachlan Mackenzie, Anthony Ng, David Nguyen, Jarryd Nolan-Ban, Harjot Panesar, Nilakshan Sharvanandha, Baljit Singh, Tracey Tihema, Kara Williams, Pavlos Xiras. MAINFREIGHT WAREHOUSING SYDNEY (KOOKABURRA) Denielle Aguirre, Ghazwan Al-Zouhairy, Luke Arena, Bethany Baillie, Mustapha Beri, Juneilyn Berioso, Nicholas Bosilkovski, Lillian Bradbury, Selina Cabrera, Anthony Chaing, Aakash Chand, Shepherd Chigiya, Andrew Clark, Brooke Clark-Eveleigh, Raelene Codd, Joshua Cutrupi, Tuan Dao, Kire Dimovski, Sejla Dizdaric, Kamal Eldirani, Jordan Falcioni, Florita Forrester, Scott Forsyth, Matthew Gowman, Rebecca Gristwood, Jack Harris, Elise Hart, Ali Hassani, Kylie-Ann Hines, Carlos Hirmiz, Susila Ika, Louisa Ilaoa, Gabriel Inostroza, Samuel Kean, Kadir Koksal, Rajeenth Kugathas, Haylie-Jo Lancaster, Ashleigh Lemmon, Paul Loveridge, Xian Low, Zumar Malik, Don McClean, Christopher McGrath, Annie McKee-Salesa, Luke McKinnon, Luke Monk, Nicholas Naidu, Andrew Nguyen, Blake O’Reilly, Shaun O’Reilly, Sunti Ouk, Brandon Pangnanouvong, Vitda Pangnanouvong, Luke Parkes, Faye Pating, Santhush Pohorambage, Jessica Rao, Kalen Rawiri-Reed, Mitchell Robinson, Ashley Ross, Christopher Rowland, Mitchel Rush, Karl Rutherford, Melona Sabellano, Jasmine Sargeant, Samantha Simonian, Dana Sinclair, Dana Suafa-Solofuti, Danielle Suafa-Solofuti, Christian Szela, Mele Tamaofa, Christian Taotua, Andrew Taylor, James Tsakonas, Sebastian Vella, Kayte Wales, Bradley Walsh, Alexander Warton, Shane Zielonka.

MAINFREIGHT WAREHOUSING SYDNEY (PRESTONS) Dylan Ball, Emily Bean, Marissa Berioso, Lavalu Bott, Jacob Briggs, Raymond Burgess, Charlie Camilleri, Viviana Carreno, Catherine Catania, Augusto CepedaSimoes, Deepa Chandra, Virginia Cheong, Pik Choy, Dalton Christie, Quoc Dang, Pramendra Datt, Tanisha De Hoedt, Shiraz Dean, Ryan Denmeade, Dalena Duong, Josh Eastwell, Desmond Esera, James Fitzpatrick, James Forbes, Vincenzo Frith, Sok Ghoy, Scott Green, Tannia Gujanto, Thomas Han, Joe Harris, Christina Henry, Wayne Howarth, James Iorfino, Aris Izmirlian, Michael Jackson, Yu Jing, Leanne Jones, Tonielle Kau Kau, Matt Kennedy, Erato Koukides, Matthew Lam Cang Bap Tai, Kukama LelilioSiu, Pene Lipine, Rangimarama Maa Tauati Iakopo, Tuone Maile,

Denny Mankin, Juan Mantes, Terachel Marurai, Stacey Maundrell, Sally McCarren, Glenn McDonald, Nicole Michael, Ivana Mitreski, Mitchell Montgomery, Brooke Moretti, Sean Myers, Thi Nguyen, Pohorambage Nilantha, Swee Ong, Franca Onwodi, Delia Osorio, Ivan Osorio, John Pazeski, Keith Penman, Hashan Perera, Sopha Phimmasone, Jade Powell, Ronald Prasad, Fernando Puglia, George Raman, Ashlie Rawnsley, Sokpanha Reach, Alex Rivera, Benjamin Robins, Samuel Robins, Andrew Robinson, Vandhana Ross, James Rullo, Tarek Saad, Dane Saunders, Damien Shankar, Dragan Simonovski, Billy-Jean Sio, Sarah Siyavong, Matthew Smith, Stuti Sudiksha, Tristan Talent, Chantelle Tattersall, Suhandy Tengara, Michael Thompson, Cindy Tran, Emily Tran, James Tran, Kevin Tran, Tin-Shing Tse, Junior Tufuga, Roy Umblas, Christian Upton, Dolores Upton, Aaron Vallely, Kim Van, Sam Vaotuua, Lisa Vo, Alex Yin, Sophal Yos. OWENS BRISBANE Shareen Ali, Daniel Andrasescu, Paul Bellamy, Desmond Bertram, Taitum Bohm, Darren Copland, Samantha Cox, Laine Cream, Jamie Davis, Nunzio Fichera, Pauline Fichera, Shaun Gilmour, Tyron Harman, Lucas Harris, Makenzie Hewitt, Gurjeet Kaur, Sandeep Kumar, Fereniki Londy, Teofil Lucacua, Romulusi Masi, Kristie McKenna, Murray McMahon, George Moore, Riley Mullins, Benjamin O’Shea, Gurender Singh Pabla, Cornel Pacurariu, Kim Pawsey, Kane Pinney, Mark Redman, Brit Reynish, Mustafa Rezaie, David Sandor, Sharyn Santoso, Amandeep Sharma, Kelly Shortall, Davinder Singh, Gursewak Singh, Jag Singh, Jaspal Singh, Kirpal Singh, Manbir Singh, Pushipinda Singh, Sukhdev (Harry) Singh, Surjit Singh, Dalbir Singh Sandhu, Parmvir Singh Thind, Hayden Smith, Timothy Stewart. OWENS MELBOURNE Aydin Amit, Linfield Anitipa, Nick Apostolovski, Zlate Apostolovski, James Bennett, Gaurav Bhatti, Emrys Borg, Ian Callen, Anthony Coles, Mathew Coles, Courtney Collier, Jose Conejera, Greg Cook, James Counihan, Roderick Douglas, Danielle Edwards, Krystal Fox, Peter Fox, Jonathon Galluzzo, Manuel Goncalves, Ben Greig, Christian Hargreaves, Jake Hedley, Mandeep Jackson, Jovan Jovanovski, Courtney Katic, Georgia Kelly, Gregory Kennedy, Monti Khaira, Raj Kumar, Parveen Lamba, Vince Mammone, Tuaiti Mino, Tony Nicolaou, Antony Papalia, Rodney Patterson, Narinder Rai, Nigel Rouse, Martin Sammut, Craig Shipperlee, Ann-Maree Simmons, Avtar Singh, Baljinder Singh, Gurvinder Singh, Harwinder Singh, Ishbpreet Singh, Malvinder Singh, Manpreet Singh, Sandeep Singh, Surjit Singh, Gary Singh Sandhu, Harjinder Singh Sandhu, Andrew Smith, Toby Smith, Rebecca Taylor, Andrew Thompson, Ross Turner. OWENS PERTH Tony Pain, Gethash Ramlukun, Gurjant Randhawa, Sumit Sehgal, Paul Sheppard, Gurvir Singh, Harwinder Singh, Parkash Singh, Pipal Singh, Pradeep Singh, Tejwant Singh, Soul Solomon. OWENS SYDNEY David Baker, Jake Beckett, Hugh Blaxland, Mark Boyd, Mende Bozinovski, George Brownlow, Roberto Catalano, Hirdesh Chand, Martin Clements, Kimberley Coller, Craig Connors, Colin Coulter, Nick Dimitropoulos, Mohamed Elneny, Damen England, George Evangelou, Alex Filippakis, Glen Finlay, Nicholas Francis, Dario Fredotovic, Benjamin Gilks, Yusuf Gozubuyuk, Vangel Gramosli, Preetpal Grewal, Brian Hogarty, Keith Jones, Paul Jordon, Phil Jordon, Bobi Karaguleski, Zinal Khan, Paul Konstantinidis, Goce Kulevski, Dave Lembke, Ali Madrajat, Ngaori Maeva-Manapori, George Mantzakos, Paul McCracken, Tristram McKay, Vale McKenzie, Robert Michael, Cristian Montoya Brohoquis, Cuong Nguyen, Emily Nicholls, Annalisa-Maria Ovcak, Agiris Papavisiliou, Christina Papoulia, Marcus Peat, Ravi Ponnan, Mike Reid, Ljupco Ribarevski, Josephine Riservato, Pasqua Riservato, Arnika Seed, Karyn Seed, Michael Skoulis, Peter Stamos, Mirce Stojoski, Graham Stone, Keith Stone, Ronald Stone, Macauley Thomson, Emily Tuitufu,

Tania Tukapua, Emma-Jayne Vetter, Gary Robert Ward, Ben Wilson, Eddy Wosik, Costa Xenos, George Xenos, Sam Xenos. TRAINING TEAM AUSTRALIA Louis Arnott, Troy Bennett, Marla Costabeber, Dale Cranston, Rachel Hilton, Shaun Mizza, Colleen Moore, Brent Nightingale, Shona Taylor, Winnie Tong, Melissa Torcia, Dietmar Venkort, Salvatore Viavattene, Gabrielle Webber.

ASIA

ASIA CHINA CAROTRANS GUANGZHOU Lance Feng, Kidd Li, Jessie Xiong, Louise Zheng. CAROTRANS SHANGHAI Jackie Chen, John Chen, Riyo Jiang, Apple Liang, Brianna Lu, Sophia Mao, Wendy Qi, Lawrence Qin, Lucy Shen, Helen Sun, Echo Wang, Millelle Wang, Sean Wang, Lisa Wu, Winnie Xu, Ada Zhao. CAROTRANS SHENZHEN Jemma Liu. MAINFREIGHT BEIJING Jerry Wang, Catherine Xie. MAINFREIGHT CHENGDU Zoe Cao, Amiee Che, Phoebe Cheng, Andrea Dong, Share Du, Linda Fan, Bubble Guo, Abby Han, Stella Jiang, Amy Li, Benny Liu, Summer Luo, Elsa Mi, Enid Shi, Connie Sun, Cara Wang, Summer Wang, Lumi Xiao, Ariel Xie, Rhea Xu, Roxie Yan, Joyce Yuan, Canace Zhou, Pearl Zhou. MAINFREIGHT GUANGZHOU Ben Chen, Yoyo Chen, Dick Deng, Lynn Hu, Ally Huang, Sweety Li, Jane Liu, Judy Liu, Natalie Liu, Ray Liu, Cecilia Luo, Michael Mai, Anita Su, Allen Sun, Angela Wang, Castie Wu, Yumiko Yang, Cecile Yu, Amy Zhang. MAINFREIGHT NINGBO Bobo Cai, Vicky Chen, Vivi Chen, Charlie He, Jane Ke, Rain Shan, Andy Sun, Sunny Sun, Aimee Wang, Carl Xu, Joice Xu, Cindy Yang, Della Ye, Paul Ye. MAINFREIGHT QINGDAO Christopher Cai, Rex Gao, Lily Guo, Suki Han, Gary Hu, Eva Jiang, Helena Li, Michael Li, Neil Li, Tiger Li, Never Xu, Miki Yuan, Fred Zhang, Jacinta Zhao, Vicky Zhao. MAINFREIGHT SHANGHAI Mario An, Joy Cai, Leo Cai, Squall Cai, Victor Cao, Joe Chen, Neal Chen, Celine Cheng, Chris Deng, Aki Ding, Caroline Ding, Joanna Fan, Roney Fang, Frank Fei, Kelvin Guo, Melody Hang, Lillian Huan, Nina Huang, Joan Ji, Alvin Jia, Mary Jiang, Lydia Jin, Nick Jin, Peter Koo, Daisy Li, Joyce Li, Lucky Li, Andy Liu, Anny Liu, Rody Luo, Lina Ma Ma, Echo Mao, Nonika Mo, Cindy Qi, Mickey Qian, Emily Qiu, Miko Ren, Janna Shao, Alisa Shen, Robert Shen, Jenny Shui, Eric Sun, Ryan Tan, Connie Tang, Penny Tang, Cherry Wang, Cici Wang, Steven Wang, Kristy Wei, Aaron Wu, Enali Wu, Rachel Wu, Ariel Xiao, Jeffery Xiao, Joyce Xie, Daisy Xu, Michael Xu, Yuki Xu, Lily Yang, Young Yang, Eddy Yao, Mark Yao, Allen Yi, Jackie Zhang, Kimi Zhang, Melon Zhang, Onew Zhang, Roy Zhang, Vivien Zhang, Zues Zhang, Kathy Zhao, Zoey Zhou, Apple Zhu, Wind Zhu. MAINFREIGHT SHENZHEN Judy Chen, Monica Chen, Steven Chen, Healer Diao, Cathy Ding, Olivia Guan, Dora He, Dylan Ji, Vincent Lee, Cara Li, Helen Li, Sasa Liang, Jane Lin, Sunny Lin, Letina Liu, Rolla Liu, Sophie Liu, Snow Su, Vincent Sun, Amy Tan, Crystal Wang, Jinn Wang, Mitty Wu, Michelle Yang, Paul Yuan, Xuan Zeng, Annie Zhan, Megan Zhan, Cindy Zhang, Seven Zhang, Shayne Zhang, Tracy Zhang, Yukey Zhang, Brain Zhao, Jenny Zhong, Jotine Zhong, Phoebe Zhu, Canni Zou. MAINFREIGHT TIANJIN Sage Chang, Carol Chen, Jason Jiang, Alex Li, Abby Liu, Jenny Niu, Jade Sun, Zoom Sun, Wendy Tian, William Wei, Tracy Xu. MAINFREIGHT XIAMEN Renny Chen, Roy Chen, Sally Chen, Tina Chen, Colin Cheng, Jessica Chou, Andy Guo, Jacky Huang, Will Li, Johnson Lin, Bressanone Zhu. HONG KONG CAROTRANS HONG KONG Chris Chan, Meki Chan, Dennis Chau, Cynthia Cheng, Coey Cheuk, Perry Lau, Sharon Lee, Judy Leung, Daffy Wong, Michael Wong, Yvonne Yick.

MAINFREIGHT HONG KONG Andrew

Chan, Candy Chan, Edwin Chan, Jerry Chan, Joe Chan, Raymond Chau, Wilson Chen, Joe Cheng, Mandy Cheng, Eddie Cheung, Ida Cheung, Clement Chong, Queenie Chong, Grand Chow, Mapy Chow, Paul Chow, Pauline Chow, Cary Chung, Elly Fung, Vincent Fung, Joe Hsieh, Winnie Huen, Franklin Hui, Noel Kong, Timothy Kong, Peter Koo, Kurt Kwan, Boris Kwok, Elyse Lai, Steve Lai, William Lai, Franky Lam, Ivy Lam, Jacky Lam, Jasmine Lam, Kittie Lau, Simon Lau, Judith Law, Joe Lee, Jouann Lee, Vincent Lee, Jason Leung, Kathy Leung, Kit Leung, Tony Li, Maggie Lo, Franky Lui, Beryl Ng, Jaimie Nip, Ming Pang, Alma She, Ambrose So, Burt So, Bruce Song, Gary Sze, Duncan Tang, Ricky Tong, Fannie Tsang, Magic Tsang, Milly Tsang, Crystal Wong, Gigi Wong, Michelle Wong, Rose Wong, Nam Wu, Miki Yip, Vincent Yip, Kris Yu, Sherman Yuen, Nichi Zhui. JAPAN MAINFREIGHT JAPAN Chie Aki, Yuko Godai, Nana Kaneko, Rui Kawasaki, Satoe Kojima, Mami Konishi, Motoko Murata, Tomoko Sonoda, Ryosuke Tohma. KOREA MAINFREIGHT KOREA Sanghyun Baek, Chris Jeong, Eunkyung Kim, Minji Kim, Yehwon Kim, Tei Kwak, Minjoo Lee, Sol Lee, Jacob Park, Juhyun Park, Edward Son, Suah Yang. MALAYSIA MAINFREIGHT MALAYSIA Jin Wen Ang, Buwana Baba, Amy Ch'ng, Chi Yee Chew, Hwei Loo Lee, Weng Keong Lee, Kee Lin Lee, Ming Ian Liang, Pei Nei Lim, Vei Kit Lim, Jean Ying Ng, Pei Ling Tan, Chee Wei Yap, Keen Shyang Yap. SINGAPORE MAINLINE SINGAPORE Leen Bakar, Jolynn Bey, Elaine Chan, Renee Chih, Matthias Eng, Adrian He, Veron Low, Doreen Ng, Sunny Tay, Jasper Tee, Rebecca Vuksanovic, Michelle Yip, Billy Zhang. TAIWAN CAROTRANS TAIWAN Rain Chang, Grace Chao, Cindy Chen, Polly Chen, Nico Kuo, Eva Lin, Chloe Wu, Egbert Yu. MAINFREIGHT TAIWAN Joanna Bao, Zoeie Chao, Josephine Chen, Winnie Chen, Mia Cheng, Jimmy Chien, Jake Chueh, Arwin Hsu, Hector Hsu, Joyce Huang, Landy Huang, Esther Kuo, Sindy Lee, Angelic Lin, Jessie Lin, Jean Liu, Eric Peng, Hank She, Stanley Su. THAILAND MAINFREIGHT THAILAND Pattamanun Anuchitananon, Sukanya Boonrueng, Withanya Ceetantivech, Saowanee Chaiparinya, Nawarat Chalitapanukul, Chatchawan Channim, Piyanee Chinnarak, Wuttichai Intarasil, Patcharin Jakarathorn, Sarayuth Kaewkern, Siriporn Kamin, Sirawit Khunkhwa, Pathumporn Klinkaewpa, Salintip Lakananuwat, Napassorn Mamaethong, Jinatta Moomboon, Peeyaporn Puangkheaw, Narong Sae-Iew, Jidapa Saeyab, Virongrong Sangkaew, Kasidit Sarapanwong, Supang Somboonkusolsil, Sirinlux Suebkam, Chartlada Suksangacharoen, Sawinee Thavee, Sommai Trakarnrung. VIETNAM MAINFREIGHT VIETNAM Chau Cao, Daniel Dao, Sophie Do, Scarlet Hoang, Jayce Huynh, Nicholas Huynh, Joy Le, Julia Le, Mandy Le, Bryan Nguyen, Jasmine Nguyen, Kris Nguyen, Richard Nguyen, Selena Nguyen, Stellie Nguyen, Hailey Pham, Jade Pham, Anna Phan, Neil Phan, Sindy Phan, Ryan To, Cherry Tran, Lina Tran, Charlie Truong.

AMERICAS

AMERICAS CANADA

MAINFREIGHT TORONTO Steve Arnold, Dean Kw Baran, Adam Crowley, Dalida David, Elchanan Fontaine, Indrea Jacobson, Amelia Richardson, Shawn Roach, Robert Stocks, Andy Timmins, Evgenia Trogan, Shaun Upper, Pham Phuong Vo, Bruce Whytock. MAINFREIGHT AIR & OCEAN TORONTO Alessandra Aguiar, Justin Barnes, Anais Blanc, Selma Catic, Peter Igboanugo, Evelyn Yi Man, Prince Ofori, Aditya D Prabhu, Simon Yu. MAINFREIGHT WAREHOUSING TORONTO Johnson Devasia, Andrew Hall,

Roshni Nair, Michael Singh, Christopher Stocks, René Van Houtum. CHILE MAINFREIGHT CHILE Brenda Ali, Diego Burgos, Marcelo Hermosilla, Hector Lara, Barbara Macias, Beatriz Osorio. MEXICO MAINFREIGHT MEXICO CITY Brenda Angeles, Nestor García, Ivette Hernandez, Argenis Ortiz, Kennia Perez, Ricardo Dordelly, Fernando Ruiz, Alan Sanchez, Guillermo Tena, Azucena Toledos, Brenda Vazquez, Daniella Victoria. MAINFREIGHT QUERETARO Christina Chiappini Suarez, Ivan Garcia, Angelica Sais. USA CAROTRANS ATLANTA Debbie Brautigan, Matthew Flanagan, Alice Macgregor, Carrie Phillips, Veronica Schock. CAROTRANS BALTIMORE Michelle Allison, Damilola Balogun, Marcos Cazares, Sydney Green, Steve Greenfield, Lisa Tryon. CAROTRANS BOSTON Todd Bullock, Joseph Kleinmann, Stephen Mario, Adan Rivera, Ede Salvadore. CAROTRANS CHARLESTON Lienne Barrise, James Bayne, Kelly Creson, Kellyanne Dix, Beth Embry, Molly Johnson, Clay Jones, Grace McNally, Tyler Nichols, Paul Stimis, Raven Whelan, John Wilson. CAROTRANS CHARLOTTE Ganna Daragan, Jamie Gunnells, Hope Hart, Tyrone Neville, Camise Normil. CAROTRANS CHICAGO Bruno Barbi, Jeniffer Barbi, Renee Basnett, Michelle Beczarski, Nicole Bobor, Lisa Brach, Jasmyne Brown Roberts, Janice Brunning, Brianne Buchholz, Olga Cazares, Dagmara Derlaga, Araceli Dominguez, Elzbieta Filipek, Gladys Garza, Susan Hicks, Allison Houlihan, Jamie Houlihan, Sean Hudgens, Heather Iniguez, Takehito Kashiwabara, Debbie Klodzinski, Rita Kollias, Carol Malak, Timothy Merchut, Mark Milan, Karen Molnar Flores, Lynn Ocasio, Catherine Petersen, James Stutzman, Deanna Thoss, David Valadez, Anna Villafane, Andrew Weisse, John Will, Ana Zarco, Joseph Zeno. CAROTRANS CLEVELAND Diana Beaman, Krystle Bouchahine, April June, Cassidy Knauff, Abigail Malson, Magdalena Piktel, Lori Radca, Samuel Valenti, Whitney Williams, Christopher Wilson. CAROTRANS DALLAS Thomas Cussen, Darren Justice, Rebecca Van Wylick. CAROTRANS HOUSTON Mallory Baldridge, Colin Crabtree, Holland Ensminger, Maria Espinoza, Mylinda Griffin, David Mashburn, Joshua Namee, Carter Viray. CAROTRANS INDIANAPOLIS Kristine Connolly, Stefano Ferrari, Virginia Valentine. CAROTRANS LOS ANGELES Maria Aldana, Oliver Aldana, Rebeca Arevalo, Cameron Bemis, Maria Bitong Noche, Lueder Bitter, Regina Cauton, Kari Christopher, Lorenzo Cometa, David Duyao, Elsa Gomez, Arely Gonzalez, Oscar Gudino, Jessica Hayes, Siamack Heshmati, Norihiro Hisanaga, Theresa Iamaleava, Derek King, Aleksandr Kosachev, Claudette Kwiat, Eduardo Lemus, Patricia Maahs, Henry Man, Jazmine Medina, Jessica Navarro, Estefanny Oliva, Jeremy Pacheco, Carol Pakulski, Robert Ramirez, Diana Sepulveda, Craig Stukey, Mark Taitingfong, Rowina Tauanuu, Hector Torres, Jamie Wright, Merlin Zepeda. CAROTRANS MIAMI Gloria Arnaez, Marlon Artola, Gabriela Cruz, Paolo Forestieri, Gregory Meier, Juan Melendez, Fidelia Mendez, Bryan Meza, Daniel Orihuela, Juan Perdomo, Cindy Rafart, Jacqueline Ramos, Hugo Sequeira, Ricardo Trinchin, Veronica Zhindon. CAROTRANS NEW JERSEY Christopher Ablanedo, Tiffani Ablanedo, Oluseun Afolabi, Donald Agans, Willie Aguilar, Jessica Almonte, Maria Amorim, Carlos Araujo, Jesse Awansi, Richard Awansi, Erik Berger, Ana Bermeo, Chelsea Bermeo, Wanshan Cai, Kai Campbell, Michelle Chan, Nadiyah Dabney, Gary Dreuer, Christina Egan, Natalie Espino, John Forlenza, Luke Gregory, William Grimes, Misa Hernandez, Ken Hogan, Antanina Imbriaco, Christopher Johnson, Sherard Joseph, Latonia Kornegay, Shalise Kpadenou, Janet Lanni, Laura Litchholt, Michael Maloof, Theresa Maxie, Debra McCarty, Michelle McGrath, Jonathan Mercado, Kevin Meza, Jessica Murphy, Isaac Nelson, Christian Pereira, Kelly Rodriguez, George SanMartin, Julianne Santiago, Ellen Shindle, Nancy Silva, Eniola Solola, Philip Szumanski, Ricardo Villacreses, Yenny Villafuerte, Jeryck Villahermosa, Mary White. CAROTRANS SEATTLE Milton Carballo, Andrea Cherry, Nicole Jarzabek, Giovanni Leyva, Adam Whelpley. MAINFREIGHT ALBANY Lisa Gaetano,

Talia Lamiano, William Munn. MAINFREIGHT ATLANTA Matthew Ferrans, Kendrick Gordon, Gye Griffin, DeAnn Hargis, Wylie Kilpatrick, Alisa Mauldin, Matthew Mayville, Lavon McCord, Valencia McCree, Emmanuel Meza, Marketa Monsanto, Christopher Powell, Ashley Render, Beth Rosenbrock, Reginald Williams. MAINFREIGHT CHARLOTTE Douglas Call, Jennifer Clay, Johnny Collins, Nathan Cox, Manuel Marquez Orellana, Owen Morrison, Ilijah Prosanov. MAINFREIGHT CHICAGO Kent Anderson, Joseph Brouillard, Michael Chrisman, Eva Diaz, Leslie Diaz, Fred Erhardt, Adrian Gallardo, Hela Haddadin, Lori Hageline, Mark Hines, Marco Iannessa, David Lopez, Gregory Lux, Simon Jr Martinez, Danny Mason, Edward Ortiz, Ariel Romans, Justin Seiber, Erik Weidner, Susan Weiher, Ryan Williams, Jeremy Worcester, John Wright. MAINFREIGHT COLUMBUS Christopher Khan, Steven Rea, Tonia Uhrig. MAINFREIGHT DALLAS Lane Adamson, Richard Aitken, Basil Brockles, Reginald Ellis, Kathryn Ezell, Zane Fergerson, Holly Heilig, Johnny-Angel Hernandez, Anthony Hickman, Shelby Hill, Samuel Holloway, Wesley Hutchings, Jordan Karnes, Ashton Lackie, James Lawless, Valerie Lewis, Freddy Lopez, Mandy Ly, Joshua May, Tu Nguyen, Janesh Patel, Moreno Quaranta, Scott Sprick, Nicole Szelest, Dustin Tarwater, John Taylor. MAINFREIGHT DETROIT Matthew DiPonio, Glen Griglak, Jacob Varcie, Michael Watson. MAINFREIGHT HOUSTON Lawrence Drucker, Freddie Gonzales, Peter Joyce, Sayed-Jamsheed Mawazeb, John McWhirter, Natalie Rodriguez, Triton Strand, Krystle Vail. MAINFREIGHT LAREDO Brenda Gloria, Reynaldo Rodriguez. MAINFREIGHT LOS ANGELES Jose Aguilar, Evan Allen, Daniel Andrade, Javier Angulo, Marcus Arbelbide, Dorcas Armstrong, Andrew Badalian, Steven Beaumont, Suzanne Berner, Linda Bettencourt, Edward Blancarte, Brandon Bostic, Melissa Bowder, Ashley Burns, Annette Bustamante, Matthew Cable, Armando Camarena, Raquel CanasThompson, John Carpenter, Eva Caruso, Jhovanny Castro, Nelson Cheung, Annette Cortez, Claudia Cortez, Jonathan Cuevas, Stephen Curle, Mary Dawkins, William De La Cruz, Analisa Dennis, Daniel Devant, Corwin Di Dio, Elizabeth Duran, George Ehrreich, Erick Espinoza, Jacqueline Estrada, Gabrielle Fage, Ronald Frady, Veronica Friedland, Leonardo Gaeta, Jacqueline Ganther, Denise Garcia, Moein Ghomeshian, Jeremiah Gregersen, Ernie Griego, Joyce Guillen-Cox, Laurie Hamid, Sherif Hamid, Ali Heidari Saeid, John Hepworth, Miguel Hernandez, Dani Hirahara, Nathan Hong, Patricia Jimenez, Roxana Jimenez, Debra Johnson, Seife Kidane, Patrick Kirwan, Joann Lacy-Moore, Esperanza Leanos, Jeffrey LeMaster, Trisha Leyva, Anthony Limongiello, Daniel Lund, Tyler Lund, Marcela Macias, Jose Magana, Ricardo Magana, Katherine Marroquin, Cynthia Martinez, Barry McLemore, Shane Michalick, William Minard, Juan Mondragon, Alba Montes, Rigoberto Mora, Marie Morales, Silvia Mueller-Thompson, Sivaramakrishnan Muthukrishnan, Ryan Ogren, Erik Ohler, Jovita Orozco, Maria Ortiz, Sandra Phillips, Scott Pratt, Victor Ramirez Yui, Craig Robb, Stephanie Rodrigues, Olivia Rodriguez, Threeto Rojanasupya, Kenneth Salcido, Christine Saldana, Robert Sammuli, Coral Schultz, Anita Smith, Dane Smith, Richard St Louis, Mieko Thompson, Steven Turner, Luis Uriarte, Thomas Valentine, Isela Vazquez. MAINFREIGHT MCALLEN Jorge Acosta Montelongo, Mayra Garcia, Santos Juarez, Eduardo Limon, Christian Magana, Cruz Polanco Lara, Benito Salinas. MAINFREIGHT MIAMI Addeny Bracho Boniel, Jonathan Delgadillo, Yoelis Estevez, David Martinez, Pedro Pombo, Eduardo Rivera, Jeffrey Widowfield. MAINFREIGHT NEWARK Thomas Abraham, Jose Alvarado, Orlando Bahia, Carol Bausch, Patricia Bercy, Wayne Betha, David Bubb, Arthur Castellano, Christine Correia, Jean Fequiere, Curry Fetcher, Nicholas Florin, Aden Gelmi, Rodney Harris, Spencer Keats, Mary Ann Kish, Freddy Landaverde, Kevin Landaverde, Shonti Lembrick, Terry Lindell, Kenneth Mattei, Anthony Mazza, Jessica Ozuna, Steven Plummer, Deborah Rumore, Jose Sanchez, Nicholas Shlala, Richard Smith, Matthew Stuebe, Danielle Torsiello.

MAINFREIGHT NORFOLK Jaymes Brooks, Stephen Harklerode, Nancy Sanchez. MAINFREIGHT PHILADELPHIA Samuel Cavanagh, Damien Denning, John Fedena, Brandon Gardner, Allen Lindenmuth, Daniel Rivera, Enrique Rivera, Charlie Silva Jr. MAINFREIGHT PHOENIX Nicholas Bruemmer, Griselda Chavez, Sergio Chavez, James Debyl, Stephanie Fertnig, John Gomez, Daniel Hutcheson, Brandon Querciagrossa, Jeremy Thomas, Rose Valenzuela. MAINFREIGHT SAN DIEGO Karen Amador, Frederick Cordova, Steven Llamas, Rene Rodriguez. MAINFREIGHT SAN FRANCISCO Vanessa Asis, Darius Ehlers, James Marquez, Josie Phung, Christine Rosalejos. MAINFREIGHT SEATTLE Corey Bernethy, Gordon Farrar. MAINFREIGHT AIR & OCEAN ALBANY Scott Avery, Dennis Braniecki, Jeffrey Burke, Lucas Cannavo, Frances Fairall, Danielle Farleigh, Bryce Hicks, Natalya Ivashina, Rebecca LaHart, Agnes Maciorowski, Michael Morrissey, Robert Narcavage, Sincerity Nomahegan, Elinor Rees, Nolan Sutton. MAINFREIGHT AIR & OCEAN ATLANTA Brendon Belesky, Dana Hancock, Brian Martin, Lanora Norton, Michelle Smith, Richard Williams. MAINFREIGHT AIR & OCEAN CHARLOTTE Nicole Boccia, Macray Brown, Terrance Cavanaugh, Brian Christopher, Angela Clemens, Wicks Dickson, Scott Hopkins, Alicia Hutchinson, Christina Melton, Justin Oxford, Ryan Patton, Joseph Stabile, Nathaniel Torres, Amy Walker, Filipp Zaborenko. MAINFREIGHT AIR & OCEAN CHICAGO Lauren Africano, Lydie Anchling Jones, Leonardo Azzi, Eric Bell, Melissa Bosnic, Michael Broglin, Jasmina Catic, Edward Chamberlain, Alejandro Chavez, Vijaya Dasari, Anthony Dunleavy, Jonathan Escutia Ponce De Leon, Marie Fohet, Melissa Fuentes, Matthew Gustafson, Jonathan Harb, Mohsin Khan, Mark Kral, Annalisa Marchiafava, Fiorella Meza, Christopher Michalak, Jonathan Milazzo, Mary Mumper, Nathaniel Page, David Rogalski, Desiree Santos, Matthew Shatswell, Jon Shaw, Timothy Simak, Alex Trinen, Jenny Valle, Anthony Villafane, Victoria Whalen, Argyrios Xanthopoulos, Justin Yonkelowitz.

MAINFREIGHT AIR & OCEAN DALLAS Shelley Aldaco, Misae Amemiya, Kyran Bracey, Clark Elliott, Michael Gillaspie, Thomas Goodfallow, Dien Ha, Deborah Hendrix, Phillip James, Erin Lewis, Chrystal Coulton, Huynh Truc Van Phan, Elizabeth Plaster, Stefanie Ragland, Alexander Ramirez, John Renner, Carlos Rojas, Anthony Salamino, Jeremy Serrurier, Georgina Shelton-Agar, Sean Van Gorder. MAINFREIGHT AIR & OCEAN HOUSTON Linda Callahan, Rebecca Hill, Jocelyn McCagh, Mariana Obeso Montiel, Andrew Slusher, Kristian Stone, Stephanie Turner-Sinclair, Taylor White. MAINFREIGHT AIR & OCEAN LOS ANGELES Alonzo Alviso, Matthew Bloom, Steven Brode, Antonio Carranza, Janet Clark, Maryjane Dauis, Harshvardhan Dharamshi, Kaitlyn Dougherty, Peter Dyeremose, Ethan Eils, Taschana Epps, Michael Forkenbrock, Alvaro Fuerte, Giovanni Gomez, Savannah Hildre, Judy Hua, Edward Joseph, Hyo Kim, Michelle King, Kara Lewczyk, Martin Lopez, Elisa Lupian, Matthew Manzano, Weston Martin, Desiree Martinez, Kane Michalick, Jake Moller, Aishwarya Murali, Jeffrey Nallick, Mark Neumann, Kimberly Nguyen, Jade O’Reilly, Erik Pena, Eric Reyes, Alma Rosa, Juan Sagrero, Paul Sharpe, Shih Yen Shen, Yung Sun, Nathan Thomas, Emerson Toledo, Cesar Torres, Armando Velasquez, Lilia Villanera, William Young. MAINFREIGHT AIR & OCEAN MIAMI Doris Gomez, Jonathan Kurtz, Jennifer Pedreira, Fernanda Pellielo, Angel Perez, Andreu Planells Malvarez, Raphael Tamas.

MAINFREIGHT AIR & OCEAN MINNEAPOLIS Scott Brunclik, Nathan Herold, James Jaeger, Rose Peterson. MAINFREIGHT AIR & OCEAN NEWARK Jonas Busse, Rosaura Candelario, Carmen Caroleo, Victoria Gelmi, Daniel Hansen, Emmaline Howard-Smith, Sharon Ibarra, Trey Jarmon, Jong Kim, Alyssa Lucarello, Vincent Marciano, Kyung Joon Min, Logan Muckle, Minh Ninh, Adriana Pincay, Jacqueline Quinones, Stephanie Quinonez, Julia Riker, Brianna Stein, Krhystof Sutherland, Elaine Wong, Hobyung Yi. MAINFREIGHT AIR & OCEAN PHOENIX Caitlin Balderrama,

Peter Kowalski, Gabriel Shoemaker, Elaine Yeager. MAINFREIGHT AIR & OCEAN PORTLAND Nicholas Barra, Nereyda Eguizabal-Giron, Patrick Gary, Marwan Huneidi, Angelica Jaracuaro, George Lindsay, Luis Maya, Tu Van, Manuel Villa Gomez, Michael Zoghb. MAINFREIGHT AIR & OCEAN SALT LAKE CITY David Argel, Cathey Bartholomew, Nicole Daly, Devin Elder, Megan Glaittli, Carla Leslie, Lindsey Murphy, Shannon Noble, Nicholas Pizano, Sheree Terrian, Gabby Vanisi, Sharon Vos, Michelle Worden. MAINFREIGHT AIR & OCEAN SAN DIEGO Michael Benjamin, Natally Gutierrez, Cole Hopper, Kim Nguyen, Matteo Sironi. MAINFREIGHT AIR & OCEAN SAN FRANCISCO Alejandro Avina Cabezas, Louise Cook, Tareq Hunaidi, Edgard Liongson, Ramine Ravanbakhsh. MAINFREIGHT AIR & OCEAN SEATTLE Daniel Kinoshita, Joshua Vermillion.

MAINFREIGHT WAREHOUSING ATLANTA Rosalia Aguirrez-Romero, Kenyatta Brown, Juan Castillo, Antonio Cunningham, Shelia Dallas, Mackenzie Dare, Jackson Elliott, Devyne Gilliam, Metita Ingram, Matthew Johnson, Wesley Kaminski, Fabian Lee, Oscar Romero, Wilman Romero Reyes, Jerial Stansell, Ariel Taylor. MAINFREIGHT WAREHOUSING CHICAGO Flor Arroyo, Sergio Barrientos, Sandra Castillo, Ramon Castillo Martinez, Jesus Contreras, Diego Espinoza, Brandon Fischer, Matthew Gara, Jasmine Gonzalez, John Gooden, Adareli Gorostieta-Vences, David Hernandez, Ryan Hickey, Stephen Horvath, Donald Hull, Cinthia Lara, Alexander Lasota, Jamaria Littleton-Donner, Maria Mata, Derrick Parker, Daniel Payne, Nancy Perez, Carlos Reyna Giles, Melissa Rodriguez, Justin Spier, Andrzej Sziler, Adam Tooke, Riley Tryhorn, Yesica Vazquez, Edward Williams. MAINFREIGHT WAREHOUSING DALLAS Eric Bechel, Karina Benavidez Guzman, Kenia Bermudez Majano, Paul Bradford, Jacob Branson, Willie Brewer, Ana Calderon Copado, Kathryn Campbell, Rachel Campbell, Linda Castillo Galvez, Fatima Chavez Compos, Andrew Coulton, Sean Danahy, John Dunson, Orlando Figueroa, Timothy Fitch, Brandon Fuller, Ronny Garza, Zachary Garza, Elsa Guzman, Martha Guzman, Triston Jones, Makenzie Kalka, Akshay Kothari, Michael Lockhart, Jaylin Logan, Ruth Losada Rodriguez, Mitchell Mapson, Ana Martinez, Nichole Montoya, Miguel Morales, Brian Morgan, Elianny Ortega Urdaneta, Elsi Pacheco, Melvyn Pagan, Dayana Perez Perez, Michael Powell, Jairo Reyes Montoya, Donna Ridgeway, Alberto Rincon, Bryan Ruiz, Bruno Ryles, Rosaura Sanabria, Brendan Siffringer, Kevin Somarriba, Carmen Torres, David Wassef. MAINFREIGHT WAREHOUSING LOS ANGELES Matthew Aguilar, Eduardo Andrade Solorio, Guadalupe Arvizu, Adam Barnes, Ryan Betts, Sean Betts, Christopher Burton, Marco Camarena, Ruby Cardenas, Alexis Castro, Joseph Connors, Abraham Cortez, Lance Dailey, Sera Dennis, Celine Eazell, Adrian Esparza, Matthew Friedman, Michell Galavis-Vazquez, Christopher Garcia, Eric Gonzalez, Ajanae Hunter, Kody Ichinaga, Nicholas Ireland, Ian Katz, Daveta Kelley, Christopher Leighton, Alan Martinez, Henry Martinez, Michael McKinstry, Jorge Mejia, German Mendoza, Marissa Monteroso, Michael Moval, Jesus Munguia, Cesar Pavon Sanchez, Simon Perez, Ivan Ramirez, Frank Rodriguez, Miriam Ruiz, Beatriz Salcido, Johnathan Sierra, Martha Valenzuela, Deisy Velasques, Amelia Williamson, Dallas Wymes, Jaime Zamora-Gutierrez, Anthony Zepeda. MAINFREIGHT WAREHOUSING MORENO VALLEY Keleila Aparicio, Isaiah Basurto, Michael Boguett, Bharat Dambal, Rafael De Luna, Adrian Dena Castaneda, Mathew Fielder, Jonathan Guerrero, Eleobardo Nava Torres, Jacinto Olivares, Abhishek Patil, Kelly Sanchez, Nallely Sanchez, Siddarth Sheshagiri, Bruce Somera, Juan Vazquez. MAINFREIGHT WAREHOUSING NEWARK Luis Almonte, Sylvia Arroyo-Pazmino, Yusleidy Ben Reyes, Shirley Branch, Stephen Cacnio, Miguel Calderon, Karin Chico Murillo, Darlin Cornielle Puello, Tiffany Da Silva, Eliezer Fernandez-Medina, Joshua Hernandez, Princess Johnson, Sandro Lopez, Alexi Lopez Quinones, Lamar Massey, Rolando Matos, Luis Medina, Jose Melendez, Evelio Monegro, Catherine Munoz, Dries Pinoy, Eric Roman, Chandell Russell, Sandra Sarmiento,

Robert Siuzdak, Nicole Smith, Eric Stockl, Stefaan Vercruysse, Carl Verhulst, Joke Hernan Valencia, Daniel Williamson, Justin Verkempinck, Danny Vermeulen, Wim Zavila. MAINFREIGHT WAREHOUSING Vermeulen, Wim Verpoort, Marie-Christine SEATTLE Larry Chatman, Joseph Daniel, Walravens, George Wauters, Jay Wyns, Nick Teresea Farrell, Eduardo Marenco, Joshua Wyns, Sander Xhajaj, Abdurrezzak Yildirim. Yslas. TRAINING TEAM AMERICAS MAINFREIGHT OOSTENDE Jos Raewyn Glamuzina, Allemeersch, Annick Brokken, Marie Buysse, Maree Michalick, Regina Warden, Kaycie Jimmy Cooleman, Karel Devogeleer, Lili Young. Devriendt, Lore D’Hooghe, Thomas Elzing, Sabrina Haeghebaert, Glenn Labens, Peter Sabbe, Martine Van Hyfte, Katrien Vanden Eeckhoute, Rudy Vandewalle, Sofie Vanhee, EU Jos Vanmullem, Ingeborg Verschorre.

Robert Siuzdak, Nicole Smith, Eric Stockl, Hernan Valencia, Daniel Williamson, Justin Zavila. MAINFREIGHT WAREHOUSING SEATTLE Larry Chatman, Joseph Daniel, Teresea Farrell, Eduardo Marenco, Joshua Yslas. TRAINING TEAM AMERICAS Raewyn Glamuzina, Maree Michalick, Regina Warden, Kaycie Young.

MAINFREIGHT AIR & OCEAN ANTWERP Ward Debeuckelaere, Aline Draps, Wannes Jansen, Matteo Melis, Patrick Van der Hoek, Wannes Van Overstraeten.

EUROPE BELGIUM MAINFREIGHT GENK Hamid Abbou, Yannick Adriaensen, Jemale Ait Bahaouidder, Sandro Arena, Susanna Bactsoglou, Frouke Bamps, Marouane Bencherif, Osman Biberoglu, Geert Biesmans, Tanja Biets, Carine Bovy, Johnny Brouns, Liselotte Camps, Wouter Conings, Kristof Cool, Jeroen Creyns, Frank Crommen, Dorine Daniels, Guilian Das, Christophe De Backer, Domenico De Nicolo, Peter Decock, Daniel Di Pardo, Tom Dirix, David Dops, Toufik El Khiari, Umut Engin, Farid Farchich, Dennis Gabriels, Ellen Gielen, Inne Heymans, Matthias Hoeben, Paul Joosten, Dimitri Kubiczek, Eddy Laermans, Ivo Leurs, Thamara Lieben, Gijs Luyts, Joris Martens, Thijs Mertens, Debby Missfeldt, Dennis Moelans, Stijn Mulders, Frederik Opdeweegh, Karolien Orlandini, Bart Peeters, Nicolas Pouet, Axel Ramaekers, Marleen Saeren, Roberto Spiga, Eddy Stals, Brent Sybers, Nicky Theuwissen, Antonetta Trobbiani, Ziyaettin Unal, Ronny Van Cauter, Astrid Van Cauwelaert, Robbert-Jan Vanaken, Ingmar Vandebroek, Tom Vandeurzen, Ann Vanhaeren, Patrick Vanloffelt, Maarten Vannoppen, Tom Verlinden, Arno Wackerghom, Parcifal Wackerghom, Ines Waegemans, Zekeriya Yildiz. MAINFREIGHT GENT Qaisar Al-Bayati, Qais Al-Dulaimi, Doush Aliev, Mehmet Altintas, Zekeriya Altintas, Ignace Arnou, Omer Aydin, Florentina Babic, Olivier Bakels, Jules Barten, Carine Bauwens, Stijn Benoot, Pascal Boulangier, Johnny Buelinckx, Jamie Cagnard, Neil Calingaert, Steffen Capiau, Mario Carette, Annemie Casier, Burak Ali Celikoz, Alex Corbisier, Stijn Cozijns, Danny Craeye, Pierre Emmanuel Damas, Philippe David, Peter De Backer, Bruno De Bruyn, Nicholas De Jonghe, Guy De Mey, Danny De Meyer, Joeri De Smet, Didier De Vuyst, Tom De Walsche, Didier De Wannemacker, Pascal Debrabandere, Peter Deconijnck, Maxim Defer, Franky Delanghe, Serioja Delrue, Mario Demey, Penny Demildt, Marc Denecker, Xavier Depuydt, Jan Desmet, Jolien Dewolf, Erwin Dieusaert, Bethany Dixon, Nicolas Dubois, Kadir Durmus, Dzhafer Dzheferov, Adnane El Ouahabi, Udo Engels, Atilla Ferent, Henk Feys, Sander Flore, Wim Foulon, Kevin Gailliaert, Francois Gesquiere, Frederik Gielis, Christophe Goossens, Jessy Hardy, Daniel Helsen, Dirk Hoofs, Anton Iliev, Pascal Janssens, Yves Janssens, Ronny Keuren, Hamad Khan, Serhat Kilic, Daniel Klupczynski, Yves Knockaert, Jozef Kujawa, Bryan Laga, Filip Laga, Mathias Lava, Filip Legiest, Marc Lelie, Kenny Lemoine, Tatjana Logier, Oleg Logounovitch, Veronique Lootens, Jesse Louage, Marc Maerten, Abdel-Ilah Mahali, Marc Marey, Marco Masia, Pieter Matthys, Bichon Mbama-Moba, Monaam Moknassi, Philemon Moyersoon, CosminGabriel Muia, Jean De Dieu Niyo, Henrik Norikjan, Fidele Nzuzi Kindanda, Erik Osseforth, Walter Parmentier, Marinus Pastoor, Rudolf Peeters, Robert Piredda, Daniel Ponsart, Lennert Poppe, Katrien Portier, Flore Quitelier, Dirk Ragaert, Zyon Raman, Johannes Ronde, Kristof Rousseau, Axel Saerens, Sandy Scy, Christian Sergeant, Marlies Sevenhant, Manga Singh, Alegria Smekens, Felix Smeyers, Farid Souaddi, Khady Sow, Patrick Spreuwers, Guido Staels, Jerry Synaeve, Jorit Sys, Franky Tielen, Gilles T’Jaeckx, Dimitri Torreele, Ives Torrekens, Yonca Uckuyulu, Stefaan Van Aken, Cassandra Van Bossche, Stijn Van Den Broeck , Bjorn Van Eetvelde, Helena Van Goethem, Sven Van Hulle, Dieter Van Mossevelde, Jan Van Parijs, Yves Van Vooren, Miguel Vande Walle, Anthony Ver Cruysse, Andy Verbrugghe,

MAINFREIGHT AIR & OCEAN BRUSSELS Ihab As’Ad, Katrien Baes, Michael Decoster, Charlotte Egrix, Elke Loockx, Maria Catalina Munteanu, Rudy Yoka, Laura Zenebergh.

MAINFREIGHT WAREHOUSING GENT Kwaku Addai, Jules Branswyck, Hannelore De Muynck, Evelien De Wispelaere, Kathy De Wispelaere, Dimitri Hautekeete, Kenneth Kooy, Seth Kwabena Sanwu, Wannes Van Den Kerchove, Arno Versprille. MAINFREIGHT WAREHOUSING OOSTENDE Medhat Abd El Hamid, Fadi Abdulghani, Naseebullah Aloko, Anas Al-Rawe, Glenn Ampe, Nancy Arnouw, Sarah Baert, Julien Bahati Chigangu, Ionel-Florin Baicu, Mohamed Bari, Morade Alim Bassoune, Johan Baudewyn, Stephanie Baudot, Johnny Beddeleem, Zahrane Ben Hassen, Quentin Bentein, Kaylian Bertrem, Katarzyna Beszczyncka, Nicky Beutels, Natalie Blomme, Bart Blondeel, Killian Bocquez, Olga Bourtseva, Nabil Bouzoumita, Jeffrey Broucke, Davy Brys, Stephanie Camerlynck, Daniel Capriotti, Alain Cauwenbergh, Alex Cazzato, Wesley Cicou, Bruno Clybouw, Benjamin Coopman, Mo Coudijser, Carl Criem, Jens Croene, Miguel Crombez, Kevin Da Costa, Jorge Da Rocha Azevedo, Filip Daniels, Stijn David, Zelimkhan Davtaev, Mario De Baets, Jordy De Gheselle, Tessa De Groote, Ingrid De Rechter, Didier De Roover, Robin De Sutter, Johan Debruyne, Nathalie Decramer, Jamie Delorge, Robert Deman, Amina Dendane, Diego Denoo, Caroline Depuydt, Kim Desmet, Fanny Dewanin, Christine D’Hont, Youssouf Diakhite, Karime Drigo, Sandro Dumon, Yannick Dupont, Jimmy Duriez, Steven Duyck, Katarzyna Dziedzic, Frank Ediale, Frederik Eeckloo, Nizar El Ali, Leigh Enoma Enobakhare, Karol Flak, Ilona Franckx, Daisy Gaillez, Anthony Gallez, Mansur Gandalojev, Rezene Gerense Solomun, Jony Germonpre, Romano Glavan, Piotr Gliniecki, Ireneusz Godlewski, Dylan Gouwy, Ioan-Florian Grama, Mariana-Diana Grama, Jessica Greer, Coraline Haelvoet, Erik Haesendonckx, Dieter Hamers, Fawzi Abdullah Hamid, Lazgin Hassan Abdelsattar, Ayrton Hendrickx, Nicky Hendriks, Roomy Herdewijn, Miguel Hollevoet, Claudine Houkx, Sylvie Hullebus, Estera Huta, Dave Huwel, Glenn Huwel, Mohamed Idamre, Lisa Igodt, Francisco Izquierdo Salvador, Antony Janssens, Christa Janssens, Yury Jolnerevitch, Zoltan Jonas, Fabrice Junion, Gari Justianz, Day Kaba, Samuel Kamdem, Burim Kastrati, Laura Kenis, Matondo Kinavuidi, Meseret Kiros Tekeste, Aljohn Kleinod, Ivana Kovacic, Noah Kuhlevind, Joanna Kujawa, Celine Kyndt, Abdelaziz Labane, Gianna Labeke, Filip Laleman, Rahma Laouiti, Peter Laseure, Katja Lebeuf, Lynn Legein, Joke Lepeire, Lisa Loridon, Massivi Lubaki, Jason Lussaert, Marketa Madlova, Didier Martinat, Audrey McLaughlin, Danny Merchie, Mir Merzada, Kevin Mestdagh, Stacy Mesuere, Axel Meuleman, Luc Meulemeester, Mohebullah Miakhel, Filimon Michael Woldu, Riva Mingashanga Elongi, Mohsen Moazeni, Roxana-Ioana Moldoveanu, Faisal Arfan Molla, Ayaz Khan Momand, Shana Mylle, Cherif Nagga, Gamali Ndikuriyo, Sanda Maria Neagoe, Sylvain Nowakowski, Ruxandra Obreja, Guldad Omarkhel, Chukwunyere Peter Onyekwere, Dicky Oppong, Abubaker Osman Mohammed, Palenthiran Patmanathan, Olivier Peel, Jeremy Pestiaux, Zsolt Petrak, Jean-Pierre Pierloot, Ann Pitteman, Bjorn Plas,

Michael Poupart, Gregory Prevot, Khagendra Pun, Veerle Ramon, Bogdan-Ionut Rascol, Cristina Robe, Glenn Rogiers, Cindy Rondelez, Didier Rosseel, Nick Rouzere, Pol Sabbe, Khalifa Salek, Arno Samaey, Sairam Saurzhanova, Ahmad Sawas Najjar, Yves Scherpereel, Bram Schoutteten, Mahmud Seed Hussein, Jean Paul Semirindi, Issa Sherzad Mohammed, Bairam Shinwari, Hekmatullah Shirzad, Hugo Silva, Mandeep Singh, Nirmal Singh, Tom Slight, Xenia Smirnova, Abraham Soloman Wassie, Jose Soto Nicolas, Ludovic Speecke, Danny Spillier, Hashmat Ullah Stanikzai, Rachid Taki, Charleen Talboom, Julio Cesar Tapia Gomez, Mohamad Theibich, Sebastien T’Jonck, Fortune Tulomba Niemba, Kevin Van De Voorde, Yens Van Den Bergh, Franck Van Der Heyde, Jens Van Durme, Myckie Van Hove, Cedric Van Huffel, Kenneth Van Nieuwenborgh, Frederick Van Rapenbusch, Kjenta Vandecasteele, Andy Vandekerckhove, Christiaan Vandenberghe, Isabelle Vandenberghe, Frederik Vandenbrande, Kenneth Vandeputte, Fabian Vanderheyden, Roger Vanhoorne, Jay Vanhou, Rudi Vankerckhove, Maxim Vanmullem, Rik Vanneste, Pascal Vanroose, Mike Vanstechelman, Steven Vansteenkiste, Elisama Verheecke, Fabienne Verhelst, Sandy Verhelst, Adrien Verleyen, Marc Vermeire, Bart Verschelde, Patrick Volbrecht, Manu Volckaert, Ghennadi Vulpe, Linda Vyvey, Kevin Windelinckx, Jeroen Wybouw, Kamil Zakrocki, Piotr Marcin Zwolinski. FRANCE MAINFREIGHT LYON Thalita Carvalho Da Costa, Mathilde Decevre, Amandine Gerardin, Cloe Maitre, Cedric Ranseau, Orlane Revellin Falcoz, Erick Saes, Lea Sapino, Chloe Vivier Merle. MAINFREIGHT PARIS Fabrice Alger, Gregory Aucouturier, Kamel Ayachi, Celine Azak, Maurad Bechard, Nicolas Bertrand, Tristan Bialek, Martine Blandin Neri, Stephane Bobu, Abdel Bouhafs, Tony Bouhana, Dylan Cadiou, Adriana Caldeira, Pascal Cantisane, David Chatillon, Irvin Collignon, Caroline Cordier, Sylvie Costa Neves, Johana Da Eira, Steeve Dalaize, Damien De L’Espinay, Rene Claude Delblond, Vincent Delpech, Marine Deniau, Isabelle Denon, Tyler Derby, Elina Desbat Malakhova, Thibault Detrousselle, Cedric Diarra, Paola Dos Santos Evora, Nadir Dramsy, Clement Dupas, Florian Durand, Chahrazed El Habib Kahloul, Kenza El Khatir, Jeremy Engelmann, Jean Arnold Esser, Massinissa Faci, Kevin Fraczak, Antonin Frayssinet, Amandine Gerardin, Julie Groell, Maeva Havard, Laurent Janniaud, Stephanie Jasmin, Sofiane Jbilou, Youssef Jdaini, Judith Joseph, Melodie Julien, Naomi Kusala, Sebastien Labe, Thierry Lacoudray, Adel Laidouni, Killian Lamothe, Julien Larde, Jeremy Le Texier, Rodolphe Lenhart, Chantal Lino, Dylan Maaroufi, Charles-Henri Maingard, Abdoulaye Marega, Antoine Maslyczyk, Jessica Mazurek, Faten Meite Essid, Thierry Moisan, Flora Moussay, Celine Munoz, Julien Neuschwander, Franck Pardo, Emmanuel Peccatte, Medhi Peelman, Melanie Perrot, Nathan Pezzucchi, Raphael Pideciyan, Bruno Pommier, Soda Ponn, Jeremy Potel, Clemence Prive, Robert Prunier, Eric Puyet, Gaetan Quignard, Yannick Rodrigues Ribeiro, Arthur Roulier, Jacky Rupaire, Souad Salhi, Hedi Seghier, Eugene Seveur, Naoual Teffah, Celine Thomas, Jody Tumba Makinu, Clementine Tutiaux, Julien Vieville.

MAINFREIGHT AIR & OCEAN LYON Lenny Arnol, Anys Atoui, Sandra Brun, Eva Guyot, Leila Mechta, Jean Rival, Philippe Thomassin. MAINFREIGHT AIR & OCEAN PARIS Damien Barrault, Joey Cardoso, Thibault Fressard, Anthony Lopes, Veronique Sabatier, Tom Slabbers, Karima Yachou. GERMANY MAINFREIGHT AIR & OCEAN FRANKFURT Lisa Heckmann, Severin Janus, Stefan Kickler, Daniel Kirsch, Christian Kleis, Damjan Krasulja, Sebastian Novak, Christiane Schäfer, Dennis Scheppert, Ioannis Siamanis, Karlo Tomic, Etienne Wenzek, Maximilian Ziegener. MAINFREIGHT AIR & OCEAN HAMBURG Tobias Collatz, Danny Dwenger, Michael Dworakowski, Timo Jozwiak, Malvisa Leka, Viktoria Möller, Zeinab Rehman,

Matthias Selß, Tim Stubbe, Stijn Vliegen. ITALY MAINFREIGHT MILAN Alessandro Annecchino, Gianmarco De Prosperis. MAINFREIGHT AIR & OCEAN MILAN Eleonora Cinzia Micali, Giulia Colombo, Sara Di Fonzo, Alessandra Divina, Veronica Galatioto, Julian Kistenmacher, Diego Navoni, Simone Paqualini, Diogo Fernando Rangel, Valeria Ratti, Giuseppe Signorile, Emanuela Tedoldi. NETHERLANDS MAINFREIGHT ‘S-HEERENBERG Aron Aaldering, Koos Aaldering, Rob Aalders, Djolinda Aarsen, Marc Aarsen, Tonnie Abbenhuis, Diana AbbenhuisSiroen, Dwin Abnosian, Wichard Achten, Theo Alofs, Celine Altena, Jhonny Amting, Freddie Anneveld, Danielle Arendsen, Bram Assendorp, Lydia Baars-Kuster, Dion Bakker, Leon Bakker, Serdar Baktir, Salih Bal, Stefan Banning, Wilco Bannink, Sylvia Bavelaar-Cowan, Ina Beekhuizen-Roes, Pieternel Beekvelt, Aart Bendeler, Tom Benning, Roy Bergevoet, Wiecher Berghorst, Jordy Bergman, Marco Berndsen, Remco Berndsen, Twan Berndsen, Harriëtte Berndsen-te Dorsthorst, Annelies Bijsterbosch-van Leeuwen, Elif Bilici, Rianne Bisseling, Yvonne Bleekman, Leon Bleumink, Ivo Bod, Robin Boeijink, Silvia BoerakkerJansen, Rico Boerboom, Justin Böhmer, Tanja Bondarchuk, Melody Bongaarts, Boudewijn Bongers, Stefan Bongers, Luke Bos, Johan Bötzel, Gerald Braam, Joan Brink, Arno Broekhuizen, Ton Broekhuizen, Lieke Brom, Hans Bruggeman, Jeroen Bruggeman, Gerard Brugman, Ilona Brugmann, Jeroen Bruil, Robert-Jan Bruil, Randy Bruns, Michel Bruntink, Gerda Buffinga-Feddes, Mark Buijl, Wim Buijzert, Rob Buiting, Gerjan Bulten, Andrei Burlacu, Bülent Cavlun, Chow-Ling Chong, Jurriaan Cijsouw, Arnoud Coenradij, Gerrit Cornelissen, Roy Cornielje, Mustafa Coskun, Saskia Daams, Erik Dalenoord, Kevin de Graaf, Maikel de Graaf, Maarten de Graauw, Janita de Jong, Rinus de Jong, Jeroen de Lange, Kevin de Lange, Tristan de Maag, Quando de Man, Hemmy de Reus, Bob de Ruijter, Dariush de Vries, Rudi de Vries, Stefan de Vries, Mariëtte Debets, Peter Deddens, Theo Deijnen, Musa Dellal, Jordy Dellemann, Mirthe Dellemann, Bert den Brok, Thijs Derksen, Jeroen Dieker, Paul Dieker, Menno Diepenbroek, Bart Dijkman, Dinie Dijkman, Tania Donis Psarou, Mirjan Donkers-Liebrand, Arjen Drent, Wim Driessen, Nicole Driever-Ruess, Ivo du Plessis, Jo Duis, Muhammed Durucan, Linda Duvigneau, Marcel Duvigneau, Corrie Ederveen, Olaf Eenstroom, Marjo Egging, Jorn Eijkelkamp, Leroy Elderman, Sander Elfring, Marc Elting, Rody Elting, Thomas Elzing, Michel Engel, Hans Engelen, Ramon Engelen, Theo Engelen, Erik Engelen van, Ron Enzerink, Martin Essink, Niek Essink, Jeremy Evers, Corine Evers-Karsten, Bart Ewijk van, Jesse Feukkink, Mark Feukkink, Tommy Firing, Ben Fitts, Patrick Fleuren, Noël Fotopoulos, Michelle Frank, Anton Frauenfelder, Danja Frauenfelder, Yoram Frauenfelder, Jeanette Frauenfelder-Frazer, Peter Frederiks, Ceriel Frensen, Colin Frericks, Mike Freriks, Rosite Frielink-Gerrits, Joost Froeling, Leander Geelen, Koen Geerts, Jan Geertsema, Remco Gerritsen, Marise Gerritsen-Zwetsloot, Donny Gerritzen, Michael Gersjes, Bram Gesink, Stephanie Giesen, Cemil Gönc, Karolina Gorczynska, Kaja Goudswaard, Rosanne Gregoor, Arjan Greven, Hans Groothuis, Eva Haanen, Jos Habets, Justin Hagelstein, Tamara Hakfoort, Niek Hansen, Ylaine Hansen-Böhmer, Anke Harding, Remco Harleman, Jaimy Hartjes, Moshe Hebbink, Wessel Heezen, Erik Jan Heijkoop, Jesper Heijkoop, Patricia Heijnst, Marieke Heinen, Eddy Heister, Leon Heister, Stefan Heitink, Niels Hendriksen, Anouck Hesseling, Chiel Hesseling, Harm-Jan Hilhorst, Ronny Hoefman, Wilco Hogenkamp, Danny Hoksbergen, Berry Holleboom, Monique Holleman, Sebastiaan Holleman, Sonja Holstein-Reumer, Bianca Holtslag, Hans Holtslag, Robin Hoogenraad, Demi Hoogland, Arthur Hoogsteder, Gijs Hunting, René Inkenhaag, Amar Jaggan, Cindy Jansen, Dennis Jansen, Frank Jansen, Frans Jansen, Gerald Jansen, Lars Jansen, Robbin Jansen,

PEOPLE AND COMMUNITIES Our People

Wouter Jansen, Berry Janssen, Koen Janssen, Wouter Janssen, Laura Jentink, Robert Jochoms, Gepko Jonker, Douwe Kaastra, Henk Kamphuis, Wouter Karremans, Danny Karsten, Hennie Karsten, Pargol Kashani Nejad-Azarbad, Zoltán Kecskeméti, Paul Kempers, Frank Ketelaar, Sander Keus, Iuliia Klepikova, Hans Kloosterboer, Wilma Kloosterboer-Bisselink, Jan Kniest, Jeroen Kniest, Jordy Kniest, Recep Koçak, Aaron Kock, Raymond Kock, Miranda KockAugustijn, Ellen Kolkman, Fred Kolkman, Wim Konings, Evie Koolenbrander-Tinnevelt, Linda Korteweg, Rut Koster, Mehmet Kozan, Marcel Kramp, Rien Kranen, Bert Krijger, Stina Kristiansson, Devlin Krul, Pascal Kuiper, Willy Kuiper, Timo Kummeling, Shauny Küppers, Erik Lammers, Nikky Langkamp-van Veluwen, Jesper Lankhof, Ivan Larsen, Erik Leijgrave, Mike Lelivelt, Bas Lentink, Wygle Liebrand, Mirjam Lieven, Harrie Ligtvoet, Kevin Loef, Tanja Loskamp-Verstegen, Angelique Lovink, René Luijmes, Berni Luimes, Petra Luiten-Zweers, Casper Lukassen, Jurgen Lukassen, Hishem Maksoud, Mulugeta Mandefiro, Mitchel Marcks, Joep Marissink, Jos Marissink, Dennis Marschall, Astrid Martens-Verbeeten, Ferdinand Massop, Petra Massop, Frank Medze, Jelle Medze, Arjan Meijer, Britt Mennink, Lars Mennink, Marco Menting, Roy Menting, Natalie Menting-Helmink, Nicole Messing-Liebrand, Sem Methorst, Anneke Meulenbelt, David Meurs, Lex Miechels, Kasia MierzwinskaDonck, Simon Milla, Antonie Moonen, Lisan Moorman-Wielheesen, Gerben Müller, Peter Nagel, Rosie Neervoort, Hakija Nekic, Edwin Nienhuis, Stef Nijdeken, Chris Nijland, Harm Nijland, Daan Nijman, Barry Notten, Silvan Obelink, Henry Oosterdijk, Ronnie Overbeek, Anette Overgoor, Frank Overgoor, Jordi Overgoor, Thijs Papenborg, Rick Pennards, Marcel Peppelman, Sonny Plaisier, Kees Plantinga, Esther Pol-Bolwerk, Rob Polman, Rowan Polman, Jurre Post, Marijn Pothoff, Thomas Prinsen, Ronald Putman, Herwin Rabbers, Anna Radosavljevic, Jonathan Ras, Reinoud Reesink, Henk Reindsen, Eline Reulink, Maarten Reumer, Youri Rewinkel, Rudi Rietman, Regina Riggeling, Harmen Rijks, Alex Rissewijck, Léon Robbe, Bram Robeerst, Erwin Roelofs, Bryan Roelofsen, Anita RoelofsenBesselink, Frank Roelofzen, Jeffrey Roes, Christian Roeterink, Sven Romp, Wilfred Romp, Pepijn Rosendaal, Nardie Rosendaal-Verweg, Sandy Rossel, Margo Rottger-Goorman, Erik Ruesink, Mark Ruesink, Maurice Ruesink, Roland Ruesink, Johnny Ruikes, Sandra Ruikes, Bradley Russell, Marjel Rutgers, Arno Rutten, Rob Rutten, Enrico Sabajo, Tamme Sanders, Pascal Sas, Laurens Schepers, Stefano Scholten, Koen Schreur, Danny Schreurs, Jürgen Schuimer, Rob Schürmann, Bennie Schut, Jeroen Schuurman, Theo Schuurman, Jack Schweckhorst, Anita Seegers, Ronnie Sessink, Jimmy Sewalt, Nico Sewalt, Marloes Siemes, Rick Siemes, Silvia Siemes-Aalders, Rob Silvius, Mark Sloetjes, Jan Smits, Willem Smits, Mike Sommers, Yvonne Sommers-Böhmer, Amanda Sonneveld-Lents, Annelies Spaan, Chris Spaan, Piet Speet, Hendrik Speksnijder, Patrick Spierenburg, André Sprenkeler, Ramon Starink, Angelique Stefas-Vinkenvleugel, Angelique Steinvoort-Remijnse, Aydé Sterk, Harry Stevens, Pascal Stoffels, Margo Stoverinck, Nadya Stroomer-Korovina, Michiel Sturrus, Joël te Dorsthorst, Thijs te Riele, Fred te Wiel, Eyüp Temir, Sevket Temir, Frank Tempels, Rob ten Bhömer, Tessa ten Bokkel, Rick ten Have, Theo ten Have, Giel ter Beek, Jeroen ter Beest, Wesley ter Beest, Marcel ter Heerdt, Bertil ter Maat, Mart Terhaerdt, Bastian Termijtelen, Emiel Teunissen, Bjorn Theijssen, Karin Timmerman, Bobby Timmermans, Giovanni Tornabene, Ruud Tousain, Nick Trentelman, Christiaan Tuenter, Monique Tuenter-ten Holder, Ramona van Aken, Rob van Aken, Vincent van Aken, Jamie van Andel, Dirk van Boggelen, Jeroen van Broeckhuijsen, Marcus van Brummelen, Rob van Bueren, Gert van Dalen, Suzanne van Dam, Jules van de Pavert, Ralf van de Pavert, Marcel van de Wetering, Sjoerd van den Bos, Timo van den Bos, René van den Broek, Ewald van den Heuvel, Peter van den Toren,

Luc van der Horst, Jeroen van der Rijst, Pascal van der Spek, Guus van der Stelt, Rob van der Zee, Jos van der Zwet, Martijn van Dongen, Tom van Doorn, Joost van Eerden, Jurgen van Eerden, Joost van Gaalen, Eddie van Gerven, Job van Gessel, Kees van Grootveld, Jet Van Haaren-te Dorsthorst, Jelle van Haarlem, Wouter van Hartskamp, Gerard van Heeswijk, Wilfred van Kippersluis, Joost van Leijen, Helga van Manen, Luc van Marwijk, Hans van Niekerk, Danny van Oostveen, Tom van Ree, Marco van Remmen, Sander van Schie, Harald van Schooten, Aart van Silfhout, John van Soelen, Rutger van Toor, Maren van Uhm, Niko van Uhm, Jacques van Uum, Elles van Veen-Winkel, Winfried van Vessem, Diana van Waardenburg, Sebastiaan van Wageningen, Marco Veenstra, Ronald Venhoeven, Joost Verdouw, Ilona Verheij-Geerts, Niels Verheijen, Rob Verheijen, Kristel Verheul, Fred Verholen, Ton Vermeulen, Nick Verweij, Björn Visser, Reginald Visser, Ron Vlijm, Marieke Vredegoor, Jesse Vriezen, Edwin Vrogten, Lammert Wanders, Michael Wanga, Rutger Wassink, Martine Wegenhousen, Natalie WeijenbargBos, Henry Weijma, Bas Wensink, Henk Wentink, Melvin Westerveld, Robin Westerveld, Edith Wevers, Mark Wevers, Sandy Wielheesen, Richard Wienen, Jeroen Wierbos, Koen Wiesman, Kay Wijkamp, Erwin Willemsen, Erwin Willemsen, Michèlle Willemsen, Alex Wilmans, Cissy Wingelaar, Ron Winters, Monique Winters-Bruins, Marloes Wissink, Jordy Witjes, Patrycja Wolczyk, Sander Wolsink, Oktay Yalcin, Sakir Yilmaz,

Frans Zuidgeest. MAINFREIGHT

CROSSDOCK ‘S-HEERENBERG Munsef Alshahhaf, Mo Altun, Bodo Apmann, Chantal Arts, Ibrahima Bangoura, Gert Beernink, Lucas Berendsen, Bas Besselink, Bastiaan Besselink, René Bisselink, Diana Bisselink-Disbergen, Harold Bosch, Jeroen Bouwman, David Burkhardt, Sam Buser, Yunus Cadir, Piotr Chmielowski, Thorsten Claassen, Bahri Coroz, Guido Derogee, Osman Dincsoy, Sven Ehme, Elroy Elderman, Deniz Eriel, Gert Essink, Robert Fricke, Nikolaj Fuks, Bart Giesen, Hans Hageman, Patrick Helmink, Wilco Hendriks, Milko Heurnink, Gerben Heymen, Stephan Horn, Bennie Jansen, Kai Jansen, Nick Jansen, Sven Jansen, Daniel Karpinski, Fatih Kesoglu, Poldien Keurntjes, Erol Kilicdere, William Kniest, Dennis Konstapel, Stefan Koolmees, Levent Kumurcu, Gerard Kupper, Mehmet Kurum, Jeroen Lakwijk, Henk Lammers, Peter Langenheim, Pascal Lieon, Niels Lubbers, Ronald Luikink, Christian Mai, Adrian Marin, Daniel Marin, Frauke Mellendijk, Ryan Metselaar, Björn Meunders, Martin Meyne, André Miguel, Lukas Miskinis, Joost Mulder, Jekar Khwein Mustafa, Tewelde Nablish Ukbatsen, Michael Neils, Daniel Nowak, Mohamed Osman, Furkan Pektas, Michal Pilka, Geurt Poel, Dirk Remkes, Meriam Rengelink-Bongers, Guido Roes, Alexander Rudi, Rik Ruikes, Dorie Rutjes-Janssen, Umut Sari, Jeroen Schuurman, Boris Sestakov, Saban Sevimliay, Nick Sewalt, Daniel Simmes, Geert Steltjes, Jenny Stift, Joey Stinissen, Cor Straub, Karl Heinz Tabatt, Richie Tatoglu, Hein te Winkel, Dewi Tebeest, Cuma Temir, Justin Tempels, Raymond ten Haaf, Mike ten Holder, Mike ter Haar, Annette Thiele, Ralf Timmer, Tom Tinnevelt, Ercan Tuku, Jan Ursinus, Sebastiaan van Aken, Peter van de Kamp, Nico van den Heuvel, Pascal van der Meer, Sven van Elburg, Francis van Zelst, Lucas Veenhof, Luuk Veerbeek, Remo Verschueren, Willem Visser, Pascal Wevers, Marc Wijnsema, Hennie Willemsen, Danny Witjes, Hatem Yaktemur, Haci Yildirim, Serkan Yildirim, Arthur Zegstroo.

MAINFREIGHT CUSTOMS CLEARANCE ‘S-HEERENBERG Marianne Becker, Petra Beumer, Marion Boeré, Coco Buunk, Olcay Cil, Angelo Daamen, Ramon de Bakker, Burcin Erler-Oral, Thijs Gort, Gerrie Heering, Jacqueline Hendriks-Ras, Remilda Jansen-Mennings, Franc Kleizen, Fred Martens, David Pouwels, Tobias Sanders, Rieky te Grootenhuis-Hebbink, Bram Tromp, Ruud van Buuren, Britta van Gerrisheim, Peggy van Koot. MAINFREIGHT TILBURG Robbert Bel, Bart Decnop, Marlies Huismans,

Martijn Venhoeven, Roy Verploegen, Reinhard Willemen. MAINFREIGHT AIR & OCEAN AMSTERDAM Vitesh Bhaboeti, Arnold Bierma, Sophia Carrillo Beeck, Jeroen Geerdink, Leslie Gorter, Ian Graham, Samuel Grootjes, Daniel Joor, Marèl Leferink Op Reinink, Gideon Lioe-A-Tjam, Guillaume Thonet, Marnix van Dishoeck,

Mels van Egmond. MAINFREIGHT AIR & OCEAN ROTTERDAM Wesley Banis, Mitchel Barendregt, Marije Beliën, Ricardo Bello, Jason Braid, Bastiaan Broere, Dermot Clark, Flordalisa Conquet, Melvin da Luz, Ronald den Held, Nadia Diraa, Björn Febus, Cora Greven, Bert Hoepel, Monique Kleijburg-Streefland, Laura Kuijpers, Mitchell Lagendijk, Sanne Larooij, Colijn Liebeton, Nic Matthews, Maarten Mol, Roushan Nohar, Bas Overeijnder, Lucy Partridge, Carlo Pons, Rhea Post, Remy Rosendahl, Danielle Scharff, Dion Tolenaars, Arthur van Amen, Astrid van Dam, Yvonne van den Berg, Veronique van den Berge-Peerboom, Angelique Van der Spuij-Visser, Elena Van der Sypt, Ramon van Hek, Matthijs van Herk, Nikki van Karsbergenvan Herk, Mariska van Schaik, Jacco Wijker.

MAINFREIGHT WAREHOUSING BORN Nassim Ait Bahaouidder, Athier Al Gayem, Hakan Bayhan, Libor Bednarik, Ronald Bergrath, Andre Bonnie, Roald Bosch, Riana Brauwers-Bening, Sven Bronkhorst, Raminta Cepulyte, Sare Cevik, Nona Chamberlain, Kiki Cogh, Richard Cords, Jos Cox, Vivian Daniëls, Mark de Boer, Marvin de Kok, Brigitte Deckers, Colin Derks, Marcel Destreel, Ton Dewaide, Joanna Drwiega, Shoukry Elsharawy, Geert Eummelen, Anita Everaerts, Jeroen Evers, Dóra Fehér, Bart Fischer, Ron Frijters, Anke Geebelen, Edwin Geerman, Plony Gouw, Peter Grammé, Hans Graus, Mitch Hendriks, Eddy Hermans, Joselien Hoen-Adams, Werner Hoofs, Jeffrey Huffner, Nigel Jacobs, Dietmar Jahn, Gazi Keba, Ferno Keesmeekers, Kevin Koster, Arno Kuijpers, Nick Lamers, Mike Lemmens, Saskia L’Espoir, Stefan Maas, Maurice Makhaisingh, Anna Miszczyk, Eno Mobers, Rabija Nedzibovic, Jan Nijssen, Ivo Notten, Fred Paas, Rafal Pieronkiewicz, Lesley Raadschelders-Wouters, Frank Ramakers, Liesbeth Reyskens, Norman Ridderbeekx, Chris Roering, Adam Rogatzky, Fidel Rosaria, Bram Schoenmakers, Ger Schröder, Karl Schubert, Marlies SoetelmansGerits, Edyta Szkaluba, Yolanda Tholen-Bork, Silvia Tuwet, Martijn van der Helm, Yin Van Meegen-Lin, Jelle van Riesen, Kevin Wagemans, Louis Wijnen, Monique Wolffs, Nico Wuyts, Mark Zelis, Rob Zonneveld.

MAINFREIGHT WAREHOUSING ‘S-HEERENBERG Sherif Abdelaziz, Stefan Adriaensen, Enver Aktaran, Anisa Alla, Hasan Alla, Jessica Alla, Vathiana Alla, Stef Althoff, Marine Auguin, Florin Babuica, Inês Bacalhau Leal De Jesus, Wilbert Bach, Marcel Backus, Glenn Balder, Sandor Balogh, David Baranowski, Kristian Básti, Sven Baum, Marcel Bax, Kasia Beekhuizen, Melvin Beekhuizen, Danny Beernink, Lukasz Bejma, Franny Bekema, Koen Bekkers, Robert Benedek, Dennis Berends, Eline Berendsen, Hans Berendsen, Merle Berendsen, Ted Berendsen, Edwin Berfelo, Katja Berntsen, Toon Berntsen, Christiaan Besselink, Daniel Bida, Dominika Bielasinski, Jeroen Bieleman, Andre Biermann, Thomas Bijl, Musa Bilici, Hans-Peter Bisseling, Patricia Blanken-Epskamp, Ivana Bloksma, Ronald Boers, Tonny Bomers, Sverre Bonaparte, Julian Bos, Monica Bosman, Ahmed Boughanmi, Vincent Brakenhoff, Gonnie Brand, Danny Brinkhorst, Maurice Brinkman, Manon Broekhuizen, Willem Bronsema, Jolanda Brouwer, Detlef Brucks, Annette Bruil-Hofs, David Buijl, Susanne Buiting, Bernard Bularca, Hannie Bulten-Tijken, Roy Campschroer, Lukasz Capar, Wi Chaisim, Dawid Cislak, Joanna Ciurkot, Jeannette Clarke, Nigel Clarke, Martin Coenen, Don Coers, Kaylee Couzijnse, Arnold Cremers, Lubos Cuchran, Veronika Cuchranová, Agnieszka Cygan, Aleksandra Cynar, Marcin Czarniecki, Annemiek Dahles, Edith Damman, Hilbrand de Boer, Dax de Man, Miguel De Nobrega Navarro, Raymond de Ronde,

Niek de Vries, Bart Demkes, René Derksen, John Derlagen, Petra Derlagen, Thom Dijkslag, Marijke Dikker-Hamer, Gudrun Dirlich, Bernadett Dombai, Nicole Donders, Sylwia Donga, Jurgen Doppen, Thomas Driessen, Dominika Dudek, Jeffrey Duinmaijer, Marco Eding, Rasha Elsherif, Ismet Erzi, Anouk Evers, Sarieke Ewes, Eduardo Feliz Arias, Jean-Gérard Fifis, Jeffrey Forterie, John Frank, Marnix Frazer, Adrian Frencek, Rob Frencken, Ernst Freriks, Patrycja Gaciarz, Sander Geerts, Daphne Gerritsen, Tina Gerritzen, Edwin Geurts, Marcella Gielens, Iris Gijsbertsen, Krzysztof Gnacinski, Barry Goöle, Djuwla Goöle, Patrick Goossen, Ronnie Gotink, Kamila Grubich, Nathalie Gruijters, Jolanta Grynfelder, Joanna Grzegolec, Gökhan Güler, Mike Guschauski, Soran Hady Ali, Juraj Hajdú, Alexander Harmelink, Robbin Hartemink, Detlef Hawranke, Marcel Hazeleger, Aron Heerschap, John Hegeman, Arjen Heijboer, Edwin Heijnen, Juliane Hein, Peter Heinrich, Jeanette Hendriks, Nancy Henkens, Willie Hermsen, Anna Hetmańczyk, Peter Hetterscheid, Ires Heutinck, Derk Heuvelink, Sara Higgins, Bernadeta Hilgner, René Hill, Billy Ho, Dirk Hoogervorst, Jennifer Hoppe-Tueck, Gabor Horvath, Esther Houtman, Patricia Hucovicova, Lucia Hudakova, Richard Huisman, Laura Hunting, Kathleen Huntink-Richter, Bogdan Incarca, Remus Ionascu, Ivana Ivancova, Zsuzsanna Jakab, Coen Jansen, Devin Jansen, Jeroen Jansen, Mathijs Jansen, Michel Jansen, Ingo Janssen, Jorn Janssen, Milo Janssen, Wilfred Janssen, Karolina Jarocka, Daniela Jedlickova, Gerrie Jeene, Robert Jeszka, Dawid Jonca, Stefan Jozefik, Silvia Jozefiková, Patrik Juhasz, Matthie Kaak, Mateusz Kaczmarek, Angeliki Kaiti, Lars Kalinski, Brigitte Kambel-Bleumer, Hubert Kamphuis, Iryna Kamphuis, Vanilien Karbunara, Joanna Karwat, Edyta Karwata, Holger Kasimir, Piotr Kawczynski, Oksana Keller, Rogier Kerner, Anna Kersten, Karen Keuben, Edward Kingma, Danielle Kip, Nico Klein Wolterink, Judith Kniest, Maik Knopke, Rob Kobesen, Niels Kok, Cecile Konstapel, Patrick Kooijmans, Tomasz Koprowicz, Joanna Korevaar, Alan Kort, Christian Koskamp, José Koster, Arjen Koudijs, Magdalena Kowalczyk, Wioletta Kozij, Anna Koziol, Jakub Koziol, Nikolas Králik, Peter Kraps, Jetmir Krasniqi, Simon Krawczyk, Imco Kreeft, Tessa Kromkamp-Schoonderwoerd, Lisanne Kruiniger, Adam Kupczynski, Krzysztof Kurek, Paul Kuster, Beata Kutera, Katarzyna Kutera, Jakub Kuzminski, Piotr Lagiewka, Jarst Lammers, Aneta Langer, Astrid LankreijerMaas, Kim Le, Timo Leenders, Michel Lenderink, Dariusz Lenz, Corinne Lepine, Pauline Leunen, Christian Leurs, Twan Loeven, Dariusz Longer, Izabela Lorentowicz, Ernesta Lotvinaite, Richard Louwe, Osama Luay Jabbar, Bartlomiej Lubaszewski, Erwin Lubbers, Eefje Lucassen, Janny Lucassen, Tim Lukkassen, Tessa Luttmer, Michalina Maciuk, Kamil Makowka, Linda Maquine, Krzysztof Markowski, Lajos Markus, Andreas Martens, Agnieszka Maruszak, Andy Masselink, Aafke Mateman, Johnny Maurick, Gerbert Medze, Henrik Meelen, Eirini Meijer, Tom Meijer, Arjen Meijering, Lucia Meliskova, Jeroen Mellendijk, Lucie Mensikova, Tomasz Mertka, Patricia Momcilova, Martijn Mons, Kristina Mrvová, Hetty Mulder-Plasschaert, Nadine Muller, Bashir Mustafa, Richarda Nap-van der Zee, Laura Navarro Lopez, Mike Neidhöfer, Grzegor Niedzielski, Gabi Niersmann, Jurjen Nijkamp, Steven Nijman, Karin Nitschker, Martyna Nojfeld, Katarzyna Norek, Yilmaz Norman, Daniela Nöthe, Jarno Nuijen, Thomas Obermeit, Nicole Obojes, Adam Ociepa, Karolina Ociepa, Danielle Oudbier, Marga Overgoor, Ronnie Paar, Piotr Parszeniew, Juul Peeters, Tjort Peeters, Dylan Perloy, Danny Peters, Erwin Peters, Henk Peters, Maik Peters, Michaël Peters, Sanne Peters, Wim Peters, Wouter Peters, Liane Philipsen, Pawel Plewka, Claudia Plucker, Nico Polak, Roy Polman, Magdalena Poniatowska, Marcin Prus, Mateusz Prus, Vasiliki Psychogiou, Isabel Raayman-Tito, Rebin Rashid, Pascal Ratering, Frauke Reijmer, Wietske Reijmer, Joop Reitsma, Benjamin Rekoert, Miko Rengelink, Konny Rennings, Bertie Reumer, Ferdie Robben, Martina Rödel,

Petra Rodewald, Aleksandra Rojek, Franck Roodbeen, Sven Rosendaal, Harry Röttger, Ida Roznicka, Ainaras Rudvalis, Joyce Ruesink, Douwe Ruikes, Charline Rutten-de Boer, Debbie Salemink, Braulio Salgueiro Gonzalez, Loek Sanders, Eqbal Sarwari, Iris Saulus, Marco Schaap, Vincent Schilp, Frank Schmidt, Sandra Schneider, Elena Schokkenbroek, Bram Scholts, Dominique Schonewille, Jürgen Schöttler, Betsie Schuurman, Hans Schuurman, Marc Schwittepper, Krzysztof Sedlak, Dawid Serafin, Hennie Siebes, Suzanne SigmondCoops, Bianca Sloot, Tonny Smeenk, Harrie Smit, Erwin Smitjes, Ruud Snaar, Juste Sneideraityte, Ruben Snippe, Monika Sobczynska, Mehmet Soy, Marco Spadone, Anita Span, Magda Sromek, Alexandru Stan, Dan Stavarache, Andreas Steinvoort, Marcin Stemski, Tom Steverink, Bas Stienissen, Tonny Stoffels, Adam Stram, Beata SufinDzieszkowska, Milena Sugalska, Szymon Szymkowski, Monique ‘t Hart, Sjoerd Teerink, Mustafa Temir, Maurice ten Bensel, Cigdem Tepegoz-Yildiz, Sander ter Beek, Cody ter Beest, Marc ter Heide, Hermien Tiessink, Barbara Tkocz, Sebastian Tokarski, Tomasz Tokarski, Mark Tuijten, Erdal Tuku, Dursun Ulutaş, Meho Usubjan, Rustem Usubjan, Marc van Aalst, Rob van Aken, Koen van Alst, Gert van Asperen, Willem van Baalen, Nick van Benthem, Cheriva van de Pol, Hans van den Berg, Ingo van den Bogert, Ronne van den Hondel, Roel van den Hoogen, Jill van den Oosterkamp, Bertus van der Pavert, Eric van der Pol, Sebastiaan van der Putten, Tom van der Stelt, Reina van der Til, Wouter van der Toorn, Sjors van der Velde, Sebastiaan van der Vliet, Wilfried van Dulmen, Bianca van Dun, Bram van Elven, Natascha van Es, Stefan van Gemmern, Roy van Gendt, Roger van Ginhoven, Ceryl van Hasselt, Ferdinand van Hilst, Yngwie van Hummel, Patrick van Lavieren, Alex van Moerkerk, Guido van Rijswijk, Jelle van Rinsum, Helena van Rooijen, Melanie van Saase, Yorick van Schijndel, Remy van Voorbergen, Patrick van Weij, Jos van Wessel, Ákos Varjú, Roel Veenstra, Marieta Veleva, Matthew Verberk, Rob Verweijen, Daniela Veuger-Ardelean, Remco Visée, Jan Visser, Jac Vlaminckx, Raoul Vreeke, Angela Vrendenbarg, Annemieke Vriezen, Coenraad Waarlo, Tim Wagemans, Maik Wagensveld, Sascha Wagner, Kamil Wajgert, Melanie Wakkermans, Erik Wallinga, Katarzyna Waszczuk, Tomasz Wawrzynczok, Anouk Weijkamp, Rick Weikamp, Perry Wennink, Dorien Wenting, Fiona Westerveld, Diane Westland, Kim Wienholts, Wesley Willems, Bas Witjes, Tim Wittenhorst, Bart Wolkenfelt, Raymond Wolters, Herman Wuijster, Elif Yılmaz-Celebi, Emirhan Yorulmaz, Silvia Zahoreczova, Bartlomiej Zaremba, Magdalena Zaremba, Justyna Zaucha, Kamila Zborowska, Alessia Zicolella, Hidayet Zorluer, Osman Zorluer, Michal Zurek, Karolina Zyglinska.

MAINFREIGHT WAREHOUSING ZALTBOMMEL Abdi Abdullahi Alasow, Gonzalo Ahumada, Marcelo Ahumada, Rolf Akkermans, Tadhamun Al-Nasrawi, Elina Andersone, Maria Andreeva-Strous, Diana Arefjeva, Krzysztof Bartoszek, Michael Beekwilder, Lucas Berm, Pascal Boer, Denise Boerboom, Eric Boerboom, Megi Borisova, Felix Boyce, Jerno Brands, Ewelina BrodzinskaDabrowska, Marten Brunner, Joey Bruylants, Emils Buneris, Huriye Can-Koc, Viktorija Cesnuliene, Michaad Chouay, Marta Chrobak, Rogier Claessens, Richard Clappers, Jaap-Jan de Bie, Robin de Kock, Kelly de Vries, Marielle den Braber, Lotte Derks, Dorin Dominte, Sylvia Doornkamp, Kamil Dykban, Hajji El Arbi, Pato Espinoza Vasque, Boleslaw Falecki, Sonia Gil, Anouk Harbers, Robert Hendrickx, Ciska Hofman, Roy Janssen Bouwmeester, André Janssens, Stanislavs Jerjomenko, Monika Kaczorowska, Ingrid Keeris, Berry Kluitmans, Wilma Kornet, Megi Kosova, Dominika Kowalska, Szymon Krawczyk, Mariska Kruissen, Andre Marques Amante, Anja Megens, Mouayad Mhallaieh, Michal Michalski, Silvija Mikneviciute, Bart Mooij, Bartek Mroczkowski, Bernadett Nedermann, Piet Noordam, Saskia Nulden, Rozalia Okaj,

Dolores Olivar, Grzegorz Ondrzejek, Anne Oomen-van Arkel, Marshella Oosterbeek, Sebastian Opoka, Tomasz Pawlik, Karolina Prokop, Floris Proost, Esteve Puig, Aldis Putans, Raphael Quitsch, Mohamed Rahou, Marjan Rengeling-van Veen, Andrejs Ribins, Ester Ricardo, Marieke Riemersma, Sjanie Riemersma-van der Maas, Servet Sahin, Palwasha Salam, Natasja Schippers, Tim Schneider, Sheena Senato, Kamal Shehade, Simona Siuskute, René Spaan, Paul Spiering, Maide Temiz, Marcis Treimanis, Mark Tuerlings, Stephan Uenk, Sven van Almenkerk, Walter van Bergen van der Grijp, Egbert van Brakel, Maurice van de Berg, Ilona van de Lagemaat, Laura van den Heuvel, Twan van den Heuvel, Caroline van der Linden, Alli van der Linden-van Veen, Bob van der Valk, Mark-Pieter van Diggelen, Ton van Dorst, Jolanda van Ewijk, Adrie van Haaren, Gerdine van Harn, Kimberly van Ijzendoorn, Arno van Leeuwen, Michelle van Maanen, Giel van Malsen, Luuk van Oers, Anita van Oort, Jan Willem van Oostrum, Libby van Uitert-Baring, Bert Van Uytven, Anja van Valen, Annelies van Vendelo, Fabiola van Wijngaarden-Gokke, Hero Veldhuizen, Miranda Verbon, Priscilla Voskamp, Rémon Weerwag, Gerbrand Wesselink, Kasia Woitaschek, Benno Wormgoor, Nicole Xhofleer, Casper Zoutewelle, Janis Zvaigznons. TRAINING TEAM EUROPE Anne-Kim Alserda, Elif Bilici, Courtney Bould, Britt van de Weerd-Roenhorst, Nena van Londen, Claire van Welzenis.

POLAND MAINFREIGHT KATOWICE Sabina Bryniarska, Michał Cholewka, Aleksander Foik, Katarzyna Kaczmarek, Dominika Kluczwajd, Julita Kopeć, Sebastian Łonak, Rafał Maciaszek, Aleksandra Mandel, Patrycja Piotrowska, Agnieszka Ratajczak, Paweł Skrzek, Michał Szpunar, Jakub Warda, Filip Wolanowski. MAINFREIGHT POZNAŃ Agata Fajfer-Krause, Bartosz Kiełbowicz, Przemysław Ławniczak, Szymon Pietrzyk, Katarzyna Piłacik, Łukasz Płóciennik, Przemysław Sas, Kinga Szymańska, Lech Waleriańczyk. MAINFREIGHT PRUSZKÓW Robert Bajkowski, Tomasz Barańczuk, Paulina Barnecka, Andriy Bartkiv, Dzmitry Belaus, Ilona Berne, Łukasz Białowąs, Janusz Bołtruczuk, Izabela Bonderska, Patrycja Bor, Kacper Borejsza, Agnieszka Brymerska, Tomasz Bzura, Paulina Cabaj, Stanisław Chrustny, Zdzisław Chrustny, Krzysztof Chryciuk, Ryszard Ciuruś, Tomasz Czekalski, Aleksander Czerwiński, Paulina Dąbrowska, Krzysztof Dąbrowski, Ruslan Dikhtiar, Artur Domżał, Krzysztof Dróżdż, Paweł Filipek, Roman Gabryl, Agata Gałan, Marcin Gaze, Monika Gaze, Dariusz Gładki, Bogdan Gonerski, Paweł Gozdalski, Ludmiła Grot, Dariusz Grządzielewski, Rafał Grządzielewski, Andrzej Grzesik, Kamil Haluch, Kamil Haniszewski, Simon Harvey, Mirosław Jóźwiak, Bożena Kałuska, Łukasz Kamiński, Radosław Karpiński, Valery Katkavets, Zbigniew Kiper, Ivan Klym, Mariusz Koć, Tomasz Kochanowski, Bogdan Kojkoł, Wiesław Konik, Paweł Kopecki, Renata Korytkowska, Stanislav Koval, Andrzej Kowalewski, Jacek Kowalewski, Rafał Kowalik, Jarosław Kowalski, Marek Kucharuk, Andrii Kudryk, Kamil Kulikowski, Witold Kurek, Dariusz Kusztal, Adam Lach, Piotr Łopaciński, Grzegorz Łukomski, Piotr Maciejczak, Dmytro Makagonov, Andrei Makarevich, Adam Makowski, Mariusz Malec, Andrzej Mandziński, Paweł Matraszek, Karol Miller, Filip Mirgos, Katarzyna Mirgos, Viktoriya Moroz, Piotr Nawrocki, Magdalena Obiegło, Łukasz Okruch, Marek Olek, Tomasz Olesiński, Ihor Oliinyk, Krzysztof Oracz, Rafał Pankiewicz, Yury Pavalanski, Volodymyr Pavlyk, Zbigniew Pawlak, Mateusz Paziewski, Janusz Perski, Grażyna Piątkowska, Franciszek Pichnar, Dominik Pietrzyk, Zdzisław Pietrzyk, Ewelina Podgórska, Ryszard Podsiadło, Arkadiusz Pokora, Kamil Polowczyk, Krzysztof Przyborowski, Marta Przybylska, Marcin Pytel, Bogdan Rakowski, Agnieszka Raunmiagi, Roman Reluga, Adam Romejko, Robert Rożniecki, Tomasz Rudzki, Zbigniew Sejda, Vitali Shreitar, Andriy Shtohryn, Ireneusz Siłaczewski, Piotr Skipor, Arkadiusz Ślusarz, Rafał Sobociński, Daniel Suchta, Piotr Świętochowski, Piotr Świętoński,

Sylwester Szlendak vel Rybak, Andrzej Szpakowski, Grzegorz Szymanek, Mariusz Teluk, Wojciech Tokarz, Arkadiusz Tomczak, Paweł Uchal, Jarosław Ulewicz, Valery Vabishchevich, Bohdan Voloshyn, Hanna Walkowiak, Piotr Walkowiak, Piotr Wasecki, Joanna Wąsowska, Henryk Weber, Hubert Wiśniewski, Bogdan Witanowski, Katarzyna Wodowska, Piotr Wolański, Ryszard Wolański, Paweł Wypijewski, Oleksandr Zakharko, Marcin Zamojski, Krzysztof Zawojek, Aliaksandr Zelianko, Stefan Zieliński. MAINFREIGHT AIR & OCEAN WARSAW Agnieszka Bartnicka, Piotr Dejtrowski, Kamil Jędrys, Tomasz Mosingiewicz, Ewa Pajchert, Paweł Rutkowski. ROMANIA MAINFREIGHT BACU Cosmin George Minescu, Mihai Alexandru Neamtu, Laura Maria Pavel, Alina Roxana Rusu. MAINFREIGHT CLUJ Nicoleta Berbec, Andrei Danut Chereches, Gheorghe Ciobanu, Paula Lorena Cojocariu, Gabriela Cretu, Csongor Peter Deak, Marius Ionut Dinca, Denise Laura Duduiala, Paul Vlad Lucea, Denis Constantin Lupu, Alexandrin Macavei, Silviu Moldovan, Alina Ramona Oros, Delia Pasztor, Cristian Marius Petrus, Luiza Maria Stoian, Roxana Suciu, Sergiu Vasile Suciu, Laszlo Tamas Tompa, Luca Ursu, Robert Gyory Vajas. MAINFREIGHT PLOIESTI Marian Daniel Andrei, Marin Anghel, Daniela Elena Anton, Cristinel Apostol, Razvan Apostolescu, Mihai Constantin Ardeleanu, Ramona Georgiana Avram, Constantin Badaran, Valentina Luiza Badea, Alina Elena Barbu, Ionut Adrian Barbu, Loredana Barbu, Pandele Barbulescu, Florin Barligea, Mugurel Ciprian Bejan, Rodica Vochita Beju, Bogdan Stefan Boboc, Adrian Ionut Bocan, Ilie Costin Bostina, Dan Claudiu Bucurescu, Livius Florentin Calinescu, Mihai Florin Capraru, Nicoleta Mariana Cazacu, Gheorghe Cega, Mihaela Cernat, Irina Georgeta Chiran, Laurentiu Constantin Chitoi, Traian Laurentiu Cimpeanu, Gheorghe Constantinescu, Gabriel Razvan Corciu, Gabriel Costache, Iulian Costache, Ioan Andrei Craciun, Mihai Liviu Culea, Andrei Daniel Curca, Ionut Cosmin Cursaru, Gheorghe Cristian David, Dragos Dumitru Dinu, Iulia Dinu, Neculai Dogea, Gheorghe Dovinca, Gheorghe Dragu, Nicoleta Duta, Georgian Laurentiu Ene, Mihai Robert Florea, Neculai Fronea, Cristian Frunzeanu, Cristian Georgescu, Alexandru Ion Gheorghe, Ionut Sebastian Ghinescu, Andreea Glod, Sergiu Gabriel Grecu, Ioana Carla Grigorescu, Alexandru Grosu, Dragos Hornaru, Marian Ianculescu, Dorinela Alexandra Ilina, Costel Ionita, Daniela Ionita, Catalin Laurentiu Iordache, Marius Iordache, Emanuil Lazar, Iulian Leca, Stefan Vladimir Lupu, Dan Maftei, Viorel Alin Manaila, Constantin Manu, Daniel Gheorghe Marasescu, Ionut Mares, Sorin Vasile Mares, Flaviu Emanuel Marian, Marius Marin, Alexandra Marinescu, Lucian Mazare, Marian Bogdan Mihalcea, Catalin Marian Minculescu, Adrian Marcel Minea, Virginia Minea, Ion Mirea, Adrian Mironescu, Irina Lavinia Mocanu, Mihai Mototolea, Petre Neagu, Ion Negre, Ecaterina Maria Negulescu, Gabriela Alina Negut, Octavian Olaru, Elena Olteanu, Mihai Gabriel Olteanu, Anghel Marian Oprea, Ioan Claudiu Oprea, Florian Alexandru Panait, Sorin Costin Panait, Sorin Laurentiu Patrascu, Cosmin Mihai Paturan, Florin Catalin Paun, Gabriela Paun, Ion Marius Paun, Iustin Constantin Petrosanu, Marcian Pipelea, Valerica Pirvu, Nicolae Giani Popa, Gratiela Elena Popescu, Valentin Andy Popescu, Angel Ionut Posescu, Valentin Toni Radu, Iulian Alexandru Rotaru, Alexandru Lucian Rujoiu, Dorian Runceanu, Ion Iulian Scarlat, Oana Mariana Scordaliu, Filip Sebastian Serban, Marian Serban, Andreea Maria Simion, Andreea Rafaella Sloser, Georgiana Larisa Soare, Gabriel Stanciu, Marian Razvan Stanescu, Viorel Adrian Stanescu, Adrian Stanila, Justina Stanila, Sebastian Stanimir, Marius Iulian State, Anamaria Rodica Stoica, Aurel Stoica, George Corneliu Stoica, Ionut Daniel Stoica, Adina Tanase, Alexandru Ioan Tanase, Mugurel Doru Tilimpea, Viorel Tintea, Florin Toader, Alexandru Ionut Toma, Dragos George Toma, Constantin Tudor, Georgiana Mihaela

Tudorache, Simona Mariana Unger, Georgiana Ana Maria Vascu, Anca Beatrice Vasile, Andrei Bogdan Vasile, Cristina Vasile, Alexandru Adrian Vasioiu, Madalina Voicu, Irina Voivozeanu, Andra Mihaela Zahiu. MAINFREIGHT TIMISOARA Silvius Vlad Bohariu, Flavius Adrian Boros, Teodora Idean, Marius Valentin Pasat, Aluna Elena Stanculescu-Lupu. MAINFREIGHT WAREHOUSING

PLOIESTI Virgil Cristian Alexandru, Gheorghe Anton, Valentin Anton, Florin Petrisor Apostol, Ionel Lucian Arcip, Maria Avram, Florin Irinel Baciu, Catalin Balalia, Roxana Maria Banica, Nicolae Florentin Barbu, Aurel Florian Ben, Marin Marius Bivolaru, Vasile Boitan, Razvan Costin Brumarescu, Viorel Bucur, Ion Bunea, Cristian Ionut Calin, Constantin Catanescu, Florin Iovanut Catanescu, Mihai Catescu, Catalin George Constantin, Ion Costache, Ana Maria Marcela Cretu, Andreea Curavale, Minodora Dinu, Razvan George Dinu, Valeriu Dobre, Alexandru Doican, Ion Dorobantu, Ioan Dragan, Sorin-Catalin Enache, Aurelian Ene, Ion Fanica, Cosmin Filip, Ionut Adrian Fratila, Marius Madalin Gavrila, Ionut Mirel Gheorghe, Marian Adrian Gheorghe, Constantin Ghita, Adrian Grigoras, Adrian Mihai Hagiu, Ionut Roberto Iancu, Emil Nicolae Ion, Nicolaie Ion, Alexandru Silviu Ionita, Valentin Iordache, Florian Isdraila, Gheorghe Istrate, Constantin Mircea Ivan, Amoras Marian Lamba, Constantin Marian Manole, Irinel Mares, Adrian Marin, Stefan Maslina, Mihai Matei, Ion Gheorghe Mihalcescu, Marcel Moise, Viorel Motoc, Constantin Neagu, Stefania Alina Neagu, Dialisa Alexandra Neata, Maria Liliana Neculai, Vasile Nedea, Adrian Niculescu, Dragos Constantin Niculescu, Ionut Nistor, Dumitru Viorel Oniciuc, Georgel Ovreuta, Marius Constantin Pana, Augustin Marius Peste-Ras, Nicolae Iulian Petcu, Elena Petre, Gigi Bogdan Petre, Mircea Marian Petre, Iulian Catalin Popa, Constantin Popa-Marin, Mihai Alexandru Popescu, Vasile Popescu, Gheorghita Racareanu, Liviu Viorel Racasanu, Gabriel Constantin Radu, Toni Raducea, Ionut Sandu, Nicusor Daniel Scarlat, Cosmin Andrei Serbaneci, George Soare, Nicolae Iulian Soare, Madalin Cosmin Spiridon, Valeriu Stanciu, Vasile Stanciu, Razvan Nicolae Stefan, Albert-Gabriel Stoian, Dumitru Adrian Stoian, Adrian Stoica, Elena Doina Stoica, Puiu Stoica, Nicolae Stroe, Alexandru Tache, Marian Corneliu Teodorescu, Catalin Timceag, Nicolae Toarba, Teodor Toma, Mihai Eduard Tone, Alexandru Tudor, Aurel Tudor, Constantin Cornel Ungureanu, Nicolae Eduard Voinoiu, Dumitru Zemoiu. RUSSIA MAINFREIGHT AIR & OCEAN ST. PETERSBURG Aleksandra Aleshina, Vladislav Bardukov, Angelica Demchenko, Natalia Fenina, Dmitry Gavrilkin, Konstantin Gichin, Evgeny Gvozdev, Sofia Ivanova, Oksana Kalashnikova, Aleksandr Karamyshev, Irina Kholodova, Ekaterina Khudoyarova, Stanislav Kirillov, Evgenia Korh, Sergey Kuznetsov, Timofei Mikhailov, Nikolay Obraztsov, Ekaterina Rozanova, Denis Shcherbakov, Rose Voronina, Oleg Zaychonkov, Arseny Zemskov. SPAIN

MAINFREIGHT AIR & OCEAN BARCELONA Veronica Gutierrez, Leonardo Gonzalez, Sara Benedi, Cristian Andreu, Jorge Ulric, Claudi Calvera. UKRAINE MAINFREIGHT KIEV Serhii Arzhekovskii, Oksana Dzyubenko, Oleg Garbar, Valeria Karnabatska, Mariya Kubar, Maxim Moshkovsky, Irina Petrenko, Maxim Savritsky, Dmytro Shtuchniy. UNITED KINGDOM MAINFREIGHT AIR & OCEAN LONDON Alfie Allan, Paul Arnold, Colin Crowhurst, Marc Davies, Oliver Davies, Collette Evans, Seth Freeman, Matt Kibbler, John Lane, Richard Stojcevski, Matt Ward, Emma West.

MAINFREIGHT AIR & OCEAN

MANCHESTER Mark Browne, Graham Cordingley, Michael Fielding, Alan Kenny, Nicola White. MAINFREIGHT WAREHOUSING MIDLANDS Angus Morrissy.

PEOPLE AND COMMUNITIES Our People

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49
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NAME NAME AND NAME NAME JORDY WITJES, ‘S-HEERENBERG, THE NETHERLANDS– NEW ZEALAND

PEOPLE AND COMMUNITIES Our People

The fundamentals of how we do business are just as relevant today, and will continue to guide us in the future.

The past 12 months has illustrated our character, the depth of talent in our team, and our adaptability and determination to overcome any obstacle, to succeed in delivering exceptional service levels across the supply chain. Our style of management, decentralised and allowing decision-making to be taken as close to the customer as possible, has served us extremely well. Even more so as the levels of restrictions in place in each region fluctuated, imposed by various state and central governments.

In all countries we operate in, our industry has been deemed “essential”. Our people needed to find safe and effective ways to continue to deliver services to our customers. Had we attempted to centralise that decisionmaking, or to control safe conduct in each and every site across the world, we would have failed.

Each branch manager took responsibility for safe and effective workplace behaviour, be it split shifts, social distancing, work from home strategies, PPE implementation, or testing and tracing of our people. Accordingly, we have operated non-stop and delivered for our customers. This would not have been possible without the support and passion of every single individual who is a part of our team.

Our culture, based on our founder’s values and refined across four decades of business excellence, is very important to us. These fundamentals of how we do business are just as relevant today, and will continue to guide us in the future. Our culture creates an environment where our people can flourish, can take responsibility and make decisions; ensuring we get the right outcomes both for our team and our customers.

Rewarding our people correctly has always been a key focus, paying above the minimum or living wage level, and sharing the Company’s profits via a discretionary bonus payment. The profit share for this past year has

received Board approval and will total $43.9 million, to be shared across branches that have been profitable and found growth.

Leading and rewarding our people in this way is what we believe to be the most effective and responsible way to manage a business. There should never be a reason for third-party involvement because we have not acted ethically or responsibly.

This past year has seen an unwavering focus on our people, their health and well-being, and providing security in their roles with us. It was the first and most important consideration as the pandemic took hold. Fostering input and ownership from our teams through forums such as our Positive Action Team (PAT) meetings has ensured our teams have been able to contribute to a workplace where all feel safe and secure.

As we continue to expand our geographic footprint and find more growth opportunities, those who wish to join our family have to be the right people for us. They must have energy, passion and a desire for quality in all they do. By joining us, they will find the opportunity for a rewarding, long-term career and to progress into leadership roles.

The number of women progressing into branch leadership roles is pleasing; we now need to see our women team members continue on into more senior leadership roles across the business and we will continue to drive initiatives that support greater gender equality.

Promotion from within remains a cornerstone of our founder’s principles. It is within the business that we are able to develop the skills and competency in all aspects of supply chain logistics that our customers demand from us, and where we foster our culture to ensure it continues as intended.

Our 100-year course

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N
W E
S
NW NE
WS EN
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We keep reinventing with time and growth.

THINK LIKE INSURGENTS. USE IMAGINATION AND WITS TO WIN MARKET SHARE.

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MENDE PETREVSKI AND MICHAEL THERMOS, EPPING, AUSTRALIA
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PEOPLE AND COMMUNITIES Environmental, Social and Governance

Approach to Sustainability

Mainfreight’s 100-year vision, established in its earliest days, has been a guiding principle in our commitment to sustainability. All decisions are made on the basis that we will be here for another 100 years, and are aligned with the key concepts of sustainability: investing in our people and communities, reducing the environmental impact of our activities, supporting our customer, supplier and stakeholder relationships, and developing our growth strategies.

Our team culture means sustainability is not a top-down directive or bureaucratic process, but is driven from the ground up, by teams that are empowered to make their own decisions. It is they who take responsibility to make their branch, their business, and their world, just that little bit better today than it was yesterday.

HOW WE CREATE VALUE

OUR RESOURCES

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FINANCIAL > Strong Financial Position
PHYSICAL ASSETS
NATURAL > Fuel, Water & Solar
SOCIAL STANDING > Community, Brand & Reputation
INTELLECTUAL > Technology & Systems
PEOPLE > Our Team & Culture
OUR OUTCOMES
OUR MEANS
RELIABLE supply chain delivery 9,240 Team Members
outcomes for our customers
NETWORK spanning
PROSPERITY for our team and their
26 Countries
families, and our communities
297 Branches
RETURNS for our shareholders
Air & Ocean, Warehousing and
FINANCIAL STRENGTH
Transportation OPERATIONS
to invest in further growth and
Bespoke TECHNOLOGY Platforms
development
OUR OUTPUTS
7,660,242 TONNES of land freight
114,736 TONNES of air freight
347,638 TEU of sea freight
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Our sustainability focus has the greatest impact on the following United Nations Sustainability Development Goals:

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Our Impact

In this Sustainability section and elsewhere in this Annual Report, we have reported on economic, environmental, social and governance topics that Mainfreight’s management believes are material to its business and the communities it operates in. The topic selection is also guided by feedback from team members, customers, shareholders, and other stakeholders during the year.

Our Economy, Our Contribution

As a provider of integrated supply chain services, Mainfreight’s global network offers efficient, reliable and sustainable value for our customers.

By enabling the flow of goods, domestically and internationally, we connect suppliers to markets and global consumers to products, which is the basis for the Company’s ongoing growth and success, and the source of value for its investors and other stakeholders.

Our Community, Our Dedication

Investment in our business and our people also has a material impact on environments and communities. Mainfreight’s success in serving our customers is reflected in the ongoing growth in our business across the world. We continue to expand and intensify our network through the development of new depots and warehouses. This creates opportunities to work with local communities in the development of our facilities, and ongoing engagement with Mainfreight’s global team.

The investment in our people has the greatest impact on our communities. Mainfreight has long recognised the benefits of education, training and career development for its people. Long service to the company is celebrated and internal promotion is encouraged. The company believes in sharing its economic value through higher salaries, educational scholarships and its discretionary team profit bonus sharing scheme.

Our community focus is also outward facing and we enjoy supporting a small number of educational causes for those less privileged, across the regions where we operate as detailed on page 56 of this report.

Our People

Despite the contribution from our assets, infrastructure, systems and technology it is our people that set us apart from our competitors. People, who want to make a difference, are hungry for success and want to be part of a team that constantly challenges itself to do better.

Our people come first. We challenge the status quo and we look after each other. We share our success – through our profits – with both our shareholders and our team. We have a transparent, team-driven approach to reaching our targets then lifting them.

Mainfreight has a ‘promote from within’ philosophy, which means we are committed to developing the individual strengths of our people.

Training and education are critical to our success. Parallel to the on-the-job learnings are global leadership development programmes and succession plans for leadership roles at all levels, in all regions, of our business. Succession planning, ongoing development and promotion from within means our people are quite literally our future.

Mainfreight is committed to diversity and equality in all areas of its operations, and the Group’s Diversity Policy is available on our website. The supply chain industry has historically been male dominated, but we continue to see promising developments both in the makeup of our workforce and in the number of females in Branch or General Manager roles, now at 53 (53 at the same time last year).

Our Future

Regardless of the challenges we meet today and those that emerge in the near and more distant future, our commitment to sustainability is inherent in our 100-year vision. We will continue to explore and invest across all aspects of sustainability that impact our organisation, our people, our community and our environment.

The fundamental driver of the Mainfreight business has always been our people and our special team culture. The culture at Mainfreight is one of continuous self and business improvement, freedom to make decisions, individual responsibility and trust in each other.

PEOPLE AND COMMUNITIES Environmental, Social and Governance

Our Environment, Our Commitment

We harbour no illusion of the impact global supply chains have on climate change particularly greenhouse gas emissions and global warming.

Yet sustainability is nothing new for Mainfreight, many of our largest emissions sources represent significant operating costs and we manage them intently, every day, in every branch.

Mainfreight is trusted to move goods in far more sustainable ways than would otherwise be accessible to our customers – utilising our modern truck fleet, our investment in infrastructure around sea and rail, our ability to consolidate freight and minimise empty running, and our technology and delivery reliability (to minimise stock accumulation and obsolescence).

Climate Change

In this annual report, we welcome the opportunity to present our global emissions inventories. Data is provided for the 2020 and 2019 calendar years.

MAINFREIGHT EMISSIONS(TONNES CO2-E)	MAINFREIGHT EMISSIONS(TONNES CO2-E)	MAINFREIGHT EMISSIONS(TONNES CO2-E)	MAINFREIGHT EMISSIONS(TONNES CO2-E)
CATEGORY	CATEGORY DESCRIPTION	2020	2019
Category 1	Direct GHG emissions and removals in tonnes CO2-e (Road freight: Owner Driver vehicles & owned/leased vehicles)	246,899	310,626
Category 2	Indirect GHG emissions from imported energy (Electricity, LPG, etc)	15,414	16,027
Category 3	Indirect GHG Emissions from Transportation (Third party road, rail, air, sea transport)	1,077,718	1,329,717
Category 4	Indirect GHG emissions associated with the use of products by the organisation*	71,675	6,497
Category 5	Indirect GHG emissions associated with the use of products from the organisation	–	–
Category 6	Other indirect GHG emissions sources	61	–
TOTAL		1,411,767	1,662,867

* In 2020 we accounted for Well-To-Tank emissions on fuel, not required by NZ MfE but considered as significant

Other Environmental Initiatives

Year-on-year we have recorded a reduction of 251,100 tonnes in carbon dioxide equivalents across our global operations, representing a 15.1% decrease in gross greenhouse gas emissions. 2020 was not however a typical year: Covid-19, rolling lockdowns and global supply chain disruption all contributed to a reduction in road, sea and air freight activity (by tkm) for the calendar year.

Also contributing to a significant reduction in Category 3 emissions was the improvement in data sourcing, quality and completeness.

We do expect and strive to continuously reduce the emissions intensity of our operations globally.

With this disclosure to ISO 14064-1:2018, Mainfreight intends to demonstrate best practice in emissions reporting and reinforce its commitment to better understanding and, ultimately, improving our operational carbon emissions performance. Our inventories are independently verified by Toitū Envirocare and follow the six categories structure of the new standard rather than the closely aligned Scopes 1-3.

A significant feature of this carbon disclosure is the inclusion of emissions on the basis of operational control (not financial control). It is our belief that if we can exercise reasonable influence over an emissions source then we must include it. As a result, we incorporate emissions from vehicles operated by owner drivers and agents, rail providers, shipping lines and airlines that support our service offering to customers. For full details and wider explanation of our emissions inventories, please refer to our Greenhouse Gas Inventory Reports: available at https://www.mainfreight.com/global/en-nz/ investor/reports-library

We began recycling office and depot waste in New Zealand 33 years ago, and we continue to invest in and explore new opportunities and innovations that support more sustainable business across our global operations. Some of our existing initiatives include:

Major solar installations on our owned branches in New Zealand and Australia equate to 914 kWh from a total of 3,200 panels. Our leased properties across the group including Europe also support significant solar generation.
Rain and greywater recycling for truck wash, ablutions and irrigation as a standard feature in our branch designs.
Moving capacity from road to rail and coastal shipping.
GPS and route planning software to bring efficiencies to freight deliveries and pick ups.
Continuing programme of modernising owner driver fleets, so that more environmentally efficient vehicles replace older and less efficient vehicles.
Utilising EV and hybrid vehicles for our sales team; currently over 243 vehicles in Australasia and Europe (last year 198 vehicles).
Conversion of gas and diesel powered forklifts to electric and supplementing with manual pallet trucks.
Branch vegetable gardens and ‘hungry bins’ for food scrap composting.
Waste exchange arrangement for shrinkwrap and pallet waste re-purposing.
Progressing trials and explorations of electric truck opportunities. (five under trial in New Zealand currently).

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EMISSIONS SOURCES

	2020	2019	REDUCTION
Road	402,774	406,087	0.82%
Rail	7,038	7,159	1.69%
Air	706,240	843,399	16.26%
Sea	261,715	367,591	28.80%
TOTAL CUSTOMER FREIGHT EMISSIONS (Total of Road, Rail, Air, Sea)	1,377,767	1,624,236	15.17%
Direct Mainfreight Emissions	34,000	38,631	11.99%
TOTAL EMISSIONS	1,411,767	1,662,867	15.10%

INTENSITY FACTORS

	2020	2019
CO2-e per Mainfreight Team Member#	158.27 tonnes	192.66 tonnes
CO2-e per million dollars in Revenue#	$419.98	$537.27
CO2-e per tonne Domestic Freight*	53.89 kg	58.31 kg
CO2-e per tonne of Air Freight*	6.39 tonnes	6.69 tonnes
CO2-e per TEU of Seafreight*	0.97 tonnes	1.10 tonnes
# Total CO2-e * Category 1 & 3 CO2-e

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NAME NAME AND NAME NAME VINCE CHEUNG AND AJ BRADLEY, – NEW ZEALANDCHRISTCHURCH, NEW ZEALAND
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PEOPLE AND COMMUNITIES Mainfreight in the Community

Now more than ever, our children need access to the best education possible. It is what will take them and our world forward.

Mainfreight in the Community

Mainfreight has been part of the “Duffy Books in Homes” programme since its inception in 1994 and currently we support over 100 schools in New Zealand, Australia and the USA. This means over 25,000 children every year are getting new books to read with our support.

The philosophy behind the programme is simple – to break the cycle of ‘booklessness’. Kids who can’t read become adults who can’t communicate and that’s a serious disadvantage in a world that operates on the written word.

In America, Books in Homes USA improves the trajectories of under-resourced children in over 140 partnerships and initiatives improving the lives of children in need. Thanks to Mainfreight USA and CaroTrans, two of the program’s lead sponsors, Books In Homes USA has given away over 700,000 books to more than 275,000 children since 2008.

In Australia, Books in Homes supports around 10,000 children each term, across 125 schools, pre-schools and other organisations throughout Australia. Mainfreight has sponsored Books in Homes Australia since its foundation in 2001, and is proud of the organisation’s distribution of over 2.5 million books in that time.

In New Zealand, Duffy Books in Homes celebrated its 25th anniversary in 2019, and achieved the milestone of gifting its 13 millionth book. There are 505 Primary and Intermediate schools, as well as 195 Early Childhood Centres (including Te Reo and Pasifika language nests), on the Duffy Books in Homes programme. Thanks to Mainfreight over 45,000 books were gifted to over 22,000 children in New Zealand last year.

This year marks the 14th year of support to Mainfreight’s other significant sponsorship partner, The Life Education Trust, which was established in New Zealand in 1988. The Trust seeks to provide young people with the knowledge and skills to live a fulfilling and healthy life through their positive health-based education.

Over 86% of New Zealand schools use Life Education, and each year they teach over 240,000 children in their mobile classrooms; supporting children’s health and wellbeing through topics such as building resilience and stress management, cyber safety and reducing bullying. In secondary schools, they support our youth with the Smashed Project, a ‘theatre-in-education’ programme which involves a live theatre performance and an interactive workshop. The Smashed Project is dedicated to reducing underage drinking and promoting responsible attitudes towards alcohol.

We remain concerned around the standards of education in New Zealand, particularly for those less privileged. Our commitment to these exceptional organisations is an effort to make a difference to our nation’s educational standards, and we would encourage more businesses to do the same. The need remains acute, with many of our children impacted by the effects of the pandemic.

Now more than ever, our children need access to the best education possible. It is what will take them and our world forward.

Our team of people all over the world also support community and charitable projects at a local level, with a wide variety of initiatives from fund-raising events, to hosting groups at our facilities, and voluntary time commitments. It’s part of who we are.

Learn more about how you can sponsor a Books In Homes school and support these worthy organisations by visiting their websites:

www.booksinhomes.org.nz www.booksinhomesaustralia.com.au www.booksinhomesusa.org www.lifeeducation.org.nz

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TESSA JENKINS, AUCKLAND, NEW ZEALAND WITH CHILDREN OF PAPATOETOE WEST PRIMARY SCHOOL
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GOVERNANCE AND LEADERSHIP Corporate Governance Statement

This statement is a summary of the Corporate Governance arrangements approved and observed by Mainfreight’s Board of Directors (“the Board”) as at 25 May 2021. The code of ethics, policies, charters and other associated documents are available on the Investor pages of the Company’s website:

https://www.mainfreight.com/ global/en/global-home/investor-centre/ governance.aspx

Mainfreight’s corporate governance practices do not materially differ from the NZX Corporate Governance Best Practice Code, except that the Board has not set measurable objectives for achieving diversity and for annually assessing these and progress made, but as with other aspects of the business, we strive for continual improvement in this area. In addition, Mainfreight has not established a Nominations Committee, preferring to accomplish this task with the assistance of the full Board.

The Role of The Board of Directors

The Board is committed to the highest standards of ethical behaviour in its own undertakings and those of the Group’s team members. The Board follows the corporate governance rules established by NZX, and Directors exercise their duties in the best interests of the Group. A formal charter has been adopted by the Board and further sets out the responsibilities of Directors.

The Board is responsible for the proper direction and control of the Group’s activities. This responsibility includes such areas of stewardship as the identification and control of the Group’s business risks (including oversight of health and safety), the integrity of management information systems and reporting to shareholders. While the Board acknowledges that it is responsible for the overall control framework of the Group, it recognises that no cost effective internal control system will preclude all errors and irregularities. Our system is based upon written procedures, policies and guidelines, organisational structures that provide

an appropriate division of responsibility, and the careful selection and training of all qualified personnel.

The Board includes in its decision making; dividend payments, the raising of new capital, major borrowings, the approval of annual accounts and the provision of information to shareholders, major capital expenditure and acquisitions. The Board delegates the conduct of the day-to-day affairs of the company to the Group Managing Director and Executive Management.

Financial statements are prepared monthly in conjunction with the weekly profit and loss statements generated at branch level. These are reviewed by the Board progressively through the year to monitor management’s performance and assess the integrity of management information.

Board Composition

The Board comprises six Directors: our Chairman, Group Managing Director and four Directors, all of whom are independent.

Recommendation 2.9 of the NZX Corporate Governance Best Practice Code (“the Code”) states, “An issuer should have an independent chair of the board. If the chair is not independent, the chair and the CEO should be different people”. Mainfreight’s founder, Bruce Plested, has chaired the Company since 2002, and is not considered to be an independent director; the Company meets the requirements of this recommendation as the CEO role is held by Group Managing Director, Don Braid.

We also note that commentary included in the Code identifies tenure as a factor that may impact a director’s independence. Mainfreight values the contribution of its long-serving Directors, who have a depth of understanding and insight gained through extensive travel to the Company’s global facilities and ongoing review of each business unit’s progress in meeting the Group’s strategic goals. These relationships are actively reviewed to ensure that our Directors’ independent judgement is not compromised.

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59
KURT KWAN, HONG KONG.
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GOVERNANCE AND LEADERSHIP Corporate Governance Statement

Directors Meetings

The Directors normally hold five full Board Meetings per year; three of these are held over two- to three-day periods in operational regions of interest and concern, with opportunities to meet with customers and/or our team in those locations; with the other two meetings being shorter, and held primarily to review performance and strategy. Additional meetings are held for the purposes of considering interim and final dividends, and approving financial results for release to the market, and as otherwise required. From time to time, key executives are invited to attend full Board Meetings and are encouraged to fully participate in all debate.

The Board met on seven occasions in the financial year ended 31 March 2021. Restrictions on travel as a result of the pandemic meant all meetings were held in New Zealand. Executives in our overseas locations attended Board meetings by video-conference.

The following table summarises Director attendance at Board and Committee meetings:

Director	Board	Audit Committee	Remuneration Committee
Bruce Plested	7/7	–	2/2
Don Braid*	7/7	2/2	–
Simon Cotter	7/7	2/2	2/2
Bryan Mogridge	7/7	2/2	–
Richard Prebble	7/7	2/2	2/2
Kate Parsons	7/7	–	–

* Don Braid attends the Audit Committee by invitation

Share Trading

The Board has set out a procedure which must be followed by Directors and key Executive Management when trading in Mainfreight Limited shares. This procedure assists those persons to ensure they comply with the insider trading provisions in the Financial Markets Conduct Act 2013.

Group Management Structure

The Group’s organisational structure is focused on its core competencies; domestic transportation, international air and ocean freight forwarding, warehousing and supply chain management. These operations are located in New Zealand, Australia, the Americas, Europe and Asia. A country/region management structure exists to reflect the size and diversity of our global operations.

Our management structure is deliberately kept as flat and minimal as we can achieve. This provides an ideal platform for succession planning, and allows for decision-making from those closest to our customers. We manage with a philosophy that encourages all to contribute.

Diversity

The Board recognises the current requirement placed by NZX Listing Rules on Issuers to report on diversity, and has included a gender breakdown across its full team in its Annual Reports for many years. Mainfreight is firmly committed to diversity and equality in all areas of its operations, and the Group’s Diversity Policy is available on its website.

At the level of Directors and Officers, gender composition is set out below.

	THIS YEAR	THIS YEAR	LAST YEAR	LAST YEAR
	Male	Female	Male	Female
Directors	5	1	5	2
Officers	10	0	10	0

Team Gender Ratios*	THIS YEAR		LAST YEAR
	Male	Female	Male	Female
New Zealand	78%	22%	78%	22%
Australia	72%	28%	72%	28%
Europe	73%	27%	74%	26%
Americas	68%	32%	65%	35%
Asia	42%	58%	38%	62%
Total Group	73%	27%	72%	28%

If we remove Owner Drivers and EU Drivers from the calculation, gender ratios are 66% Male and 34% Female (last year 65% Male and 35% Female).

* Last year’s Team Gender Ratios were calculated incorrectly and have been restated.

We are pleased that the number of female managers (in roles with profit & loss responsibility) is currently 53 (53 in 2020, 46 in 2019, 37 in 2018, 31 in 2017, and 27 in 2016). The number of key management roles held by females still falls well below our expectations and we look for improvement.

Anti-Corruption and Competitive Practice Guideline

With the advent of the global economy, most countries have put in place anti-corruption and competition laws, which we at Mainfreight welcome and endorse.

Mainfreight, as a global company, has adopted guidelines and policy to enforce anti-corruption and anticompetitive behaviour.

The integrity of our brand and the way we are perceived in the market is of paramount importance to us. Mainfreight demands from its team members at all times honesty, integrity and a scrupulously “clean” approach to the way we conduct our business.

These controls include the safeguarding of assets, maintaining proper accounting records, complying with legislation, including resource management and health and safety issues, ensuring the reliability of financial information, and assessing and over viewing business risk. The Committee also deals with Governmental and NZX compliance requirements.

AUDIT COMMITTEE:

Simon Cotter, Chairman Bryan Mogridge, Director Richard Prebble, Director

Remuneration Committee

The Role of Shareholders

The Board aims to ensure that shareholders are informed of all major developments affecting the Group’s state of affairs. Information is communicated to shareholders in the Annual Report, and twice-yearly Newsletters in addition to information released via the NZX and available on our website. The Board has adopted a continuous disclosure policy to assist Mainfreight to comply with its continuous disclosure obligations under the NZX Listing Rules. The Board encourages full participation of shareholders at the Annual Meeting to ensure a high level of accountability and identification with the Group’s strategies and goals.

The Board has constituted the following standing Committees that focus on specified areas of the Board’s responsibility. Each Committee operates under its own charter outlining composition and responsibilities.

Audit Committee

The Committee is responsible for the framework of internal control mechanisms that ensure proper management of the Group’s affairs. The Committee is accountable to the Board for the recommendations of the external auditors, EY, directing and monitoring the audit function and reviewing the adequacy and quality of the annual audit process. The Committee provides the Board with additional assurance regarding the accuracy of financial information for inclusion in the Group’s Annual Report, including the Financial Statements. The Committee is also responsible for ensuring that the Group has an effective internal control framework. A member of the Group’s finance team oversees regular internal control assessments, and reports to the Group Chief Financial Officer and the Audit Committee as appropriate.

The Committee is responsible for reviewing the remuneration and benefits of the Group Managing Director and senior executives, for reviewing the remuneration of Board members, and makes its recommendations to the Board. The Committee also monitors and reports on general trends and proposals concerning employment conditions and remuneration.

General remuneration for all team members is reviewed on an annual basis and takes into account CPI and responsibility changes for each individual. This does not include senior executives. Senior executive remuneration is reviewed every two years and was last reviewed in October 2020.

The general increase is usually applied to all salaries in April each year. The increase was deferred from April 2020 as a consequence of the pandemic, and took effect later in the year (July for Australasia, October for Europe, Asia and the Americas). The usual timetable was resumed from April 2021.

The discretionary bonus system used in Mainfreight was applied during the financial period with Board approval. The bonus calculation is applied across all business units which meet the criteria, and only to those people who have completed 12 months’ continuous full time service for Mainfreight. The total cost of this discretionary bonus for the 2021 financial year is $43.9 million (an increase from $27.3 million in the prior year).

REMUNERATION COMMITTEE:

Bruce Plested, Chairman Richard Prebble, Director Simon Cotter, Director

GOVERNANCE AND LEADERSHIP Our Global Leadership Team

LEADERS: NEW ZEALAND

MITCH GREGOR

20 years with Mainfreight Leading Warehousing New Zealand since 2016

CRAIG EVANS

34 years with Mainfreight Leading the New Zealand business since 2016

CARL GEORGE

26 years with Mainfreight Leading Transport New Zealand since 2011

ROB CROFT

NIC KAY

11 years with Mainfreight 25 years with Mainfreight Leading Sales in Leading Air & Ocean New Zealand since 2015 New Zealand since 2015

LEADERS: AUSTRALIA

BRYAN CURTIS

41 years with Mainfreight Leading Transport Australia since 2011

SIMON HART

15 years with Mainfreight Leading Warehousing Australia since 2014

RODD MORGAN

18 years with Mainfreight Leading the Australian business since 2011

DAVE SCOTT

21 years with Mainfreight

Leading Sales in Australia since 2009

GRANT DRAPER

24 years with Mainfreight Leading Air & Ocean Australia since 2015

GOVERNANCE AND LEADERSHIP Our Global Leadership Team

LEADERS: EUROPE

BRAD RUSSELL

5 years with Mainfreight Leading Sales in Europe since 2019

JASON BRAID

24 years with Mainfreight Leading Air & Ocean Europe since 2015

BEN FITTS

14 years with Mainfreight Leading the European business since 2015

LIANE PHILIPSEN

10 years with Mainfreight Leading Warehousing Europe since 2018

FRANS ZUIDGEEST

10 years with Mainfreight Leading Transport Europe since 2015

LEADERS: AMERICAS

STEVE TURNER

15 years with Mainfreight

Leading Sales in the Americas since 2019

JOHN HEPWORTH

23 years with Mainfreight

Leading the Americas business since 2009

SHAWN ROACH

5 years with Mainfreight

Leading Transport Americas since 2016

RENÉ VAN HOUTUM

10 years with Mainfreight

Leading Warehousing Americas since 2014

NATHAN THOMAS 18 years with Mainfreight

CHRIS WILSON

15 years with CaroTrans

Leading Air & Ocean Leading CaroTrans Americas since 2015 since 2017

GOVERNANCE AND LEADERSHIP Our Global Leadership Team

LEADERS: ASIA

CARY CHUNG

10 years with Mainfreight

Leading Mainfreight Asia since 2017

BILLY ZHANG 20 years with Mainfreight

Leading Sales in Asia since 2017

MICHELLE YIP

5 years with Mainfreight Regional Supply Chain Asia since 2017

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GLOBAL SUPPORT TEAM
TIM WILLIAMS JOHN ESHUIS CARL HOWARD-SMITH MARTIN DEVEREUX
CHIEF FINANCIAL OFFICER GROUP IT MANAGER GENERAL COUNSEL GROUP MANAGER TEAM
27 years with Mainfreight 18 years with Mainfreight 43 years with Mainfreight DEVELOPMENT
21 years with Mainfreight
Has held the CFO role Took on the leadership Has held the General Counsel
since 1995 role for Mainfreight’s IT role since 1978. Retired from Leading our Training &
in 2021 the Board in 2018 Development team since 2010
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GOVERNANCE AND LEADERSHIP Directors’ Report

The Directors are pleased to present this twenty-fifth published Annual Report of Mainfreight Limited.

Financial Result

Consolidated sales for the year were $3,543.84 million, up on the previous year by $448.44 million, or 14.5%.

Net profit before abnormal gains or losses for the 2021 financial year increased 27.1% to $188.11 million. There were no abnormal gains or losses in the current year, compared with a net abnormal gain of $11.23 million in the prior year. See Note 25 on page 104 of the financial statements.

Comparisons to the 2020 result are set out in the five-year review; page 113 of the financial statements.

Financial Position

The Group has improved its financial position, with shareholders’ equity of $1,115 million funding 44.8% of total assets. Earnings cover interest on debt 13.09 times compared to 10.09 times in the prior year. Net cash flows from operations were $376.28 million, up from $300.80 million last year.

Dividend

A dividend of 34.0 cents per share was paid in July 2020, fully imputed. A supplementary dividend of 6.00 cents per share was paid to nonresident shareholders with this dividend. A further dividend of 30.0 cents per share was paid in December 2020, fully imputed. A supplementary dividend of 5.29 cents per share was paid to nonresident shareholders with this

dividend. A fully imputed dividend of 45.0 cents per share, payable on 16 July 2021 is proposed, together with a supplementary dividend of 7.94 cents per share for non-resident shareholders. Books close for this dividend on 9 July 2021.

Statutory Information

Additional information is set out on page 110 including Directors’ Interests as required by the Companies Act 1993.

Directors

Bruce Plested and Richard Prebble retire by rotation, and are available for re-election.

Directors’ Remuneration

Directors’ fees were not increased during the financial year, and remain at $120,000 per annum for each Director, and $240,000 per annum for the Chairman of the Board.

The Chairman has for some time elected not to take his fee entitlement. The Group Managing Director and all other Directors agreed to take a 50% reduction in fees and base salary from 1 April 2020, as one of several measures put in place to reduce expenditure with the onset of the pandemic. Normal fees and base salary payments resumed from 1 October 2020.

Audit

The Company’s Auditors, EY, will continue in office in accordance with the Companies Act 1993. The Company has a formally constituted Audit Committee.

Reporting and Communications

Mainfreight continues to support high levels of public company disclosure. The Company provides half yearly reporting on results, with ongoing disclosure as required.

The Company is effective in communicating the Group’s affairs and results to shareholders, NZX, regulatory bodies and the media. The first half year result to 30 September 2021 is scheduled for release on 11 November 2021.

Outlook

The Directors are satisfied with the direction and development of the Group. The next twelve months will continue the developments that Mainfreight has underway with the subsequent benefits to our shareholders and stakeholders.

For and on behalf of the Board 25 June 2021

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BRUCE PLESTED CHAIRMAN

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SIMON COTTER DIRECTOR

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DEVYNE GILLIAM, ATLANTA, USA
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GOVERNANCE AND LEADERSHIP Board of Directors

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BOARD OF DIRECTORS:
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GOVERNANCE AND LEADERSHIP Our Board of Directors

BRUCE PLESTED

CHAIRMAN AND FOUNDING OWNER

BRYAN MOGRIDGE

INDEPENDENT DIRECTOR

43 years with Mainfreight; Appointment to Board 1978

Age: 79

As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/sustainability, continue to positively shape the Company’s behaviours.

DON BRAID

GROUP MANAGING DIRECTOR

Appointment to Board 2003

Age: 75

Bryan has a wealth of experience, both in executive and board roles. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. His intellect and pragmatic approach is highly regarded at the Board table.

Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Clearspan Limited, SeaDragon Limited, Thinxtra Limited, Starship Foundation, Massey University Foundation.

27 years with Mainfreight; Appointment to Board 2000

Age: 61

Don has over 44 years’ experience in the freight industry, including 27 with Mainfreight. His leadership is underpinned by a strong belief in Mainfreight’s global competency and capabilities to provide high-quality supply chain solutions for our customers. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition.

RICHARD PREBBLE

SIMON COTTER

INDEPENDENT DIRECTOR

Appointment to Board 2013

Age: 54

Simon has a long association with Mainfreight having served as the Company’s main adviser for acquisitions, debt structure and other matters since 2003 (through Grant Samuel & Associates), prior to joining the Mainfreight Board. He brings strong financial skills and business acumen to the role.

Other Current Directorships: Grant Samuel & Associates Ltd.

INDEPENDENT DIRECTOR

Appointment to Board 1996

Age: 73

Richard Prebble is by profession a lawyer. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport.

Other Current Directorships: Private family companies.

KATE PARSONS

INDEPENDENT DIRECTOR

Appointment to Board 2017

Age: 48

Kate brings to the Board her broad financial and analytical experience acquired in a range of industries, both in New Zealand and overseas. Her knowledge of high-tech companies is a welcome addition to the Board’s capabilities, as is her familiarity with the complexities of acquisitions, and steering companies through growth and change.

Other Current Directorships:

Entrada Travel Group Limited and a number of subsidiary companies, Member of the CFO Advisory Board, Auckland University Business School, and private family companies.

ESMEE HEUVINK AND DARREN BARBOZA, AUCKLAND, NEW ZEALAND

74 FINANCIAL STATEMENTSSECTION Title Contents

Income Statement 75

Statement of 78 Changes in Equity

107 Auditor’s Report

Statement of Comprehensive Income Cash Flow Statement

77 Balance Sheet

Notes to the Financial Statements

Statutory Information / Interests Register 113 Five Year Review

110

FINANCIAL STATEMENTS Income Statement

Income Statement

FOR THE YEAR ENDED 31 MARCH 2021

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2021 2020
Note $000 $000
OPERATING REVENUE 3,543,531 3,094,736
Interest Income 307 658
TOTAL REVENUE 3,543,838 3,095,394
Transport Costs (2,141,744) (1,803,460)
Labour Expenses 6 (723,444) (670,103)
Other Expenses (211,836) (222,502)
Earnings before Interest Costs, Tax, Depreciation, Amortisation, and Abnormal Items 466,814 399,329
Depreciation of Right of Use Assets 20 (113,938) (111,877)
Finance Costs Relating to Lease Liabilities 20 (16,225) (17,021)
Other Depreciation and Amortisation Expenses 14,15,20 (68,460) (57,852)
Other Finance Costs (5,784) (6,326)
Profit Before Abnormal Items and Taxation for the Year 262,407 206,253
Income Tax on Profit Before Abnormal Items (74,297) (58,278)
NET PROFIT BEFORE ABNORMAL ITEMS FOR THE YEAR 188,110 147,975
Abnormal Items 25 - (4,783)
Income Tax on Abnormal Items 25 - 1,309
Abnormal Tax Item - Reversal of deferred tax liability on buildings 25 - 14,700
ABNORMAL ITEMS AFTER TAXATION - 11,226
Profit Before Taxation for the Year 262,407 201,470
Income Tax Expense 7 (74,297) (42,269)
NET PROFIT FOR THE YEAR 188,110 159,201
Earnings per share for profit attributable to the ordinary equity holders of the company are:
Cents Cents
BASIC AND DILUTED EARNINGS PER SHARE: TOTAL OPERATIONS 9 186.81 158.10
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The accompanying notes form an integral part of these financial statements.

FINANCIAL STATEMENTSSECTION Title Statement of Comprehensive Income

Statement of Comprehensive Income

FOR THE YEAR ENDED 31 MARCH 2021

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2021 2020
$000 $000
Net Profit for the Year 188,110 159,201
OTHER COMPREHENSIVE INCOME
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Exchange Differences on Translation of Foreign Operations (22,545) 23,850
Income Tax Effect (2,782) 3,323
NET OTHER COMPREHENSIVE INCOME TO BE RECLASSIFIED TO PROFIT OR
LOSS IN SUBSEQUENT PERIODS (25,327) 27,173
Other comprehensive income not to be reclassified to profit or loss in subsequent periods:
Revaluation of Land 55,814 1,233
Income Tax Effect (5,324) -
NET OTHER COMPREHENSIVE INCOME NOT TO BE RECLASSIFIED TO PROFIT
OR LOSS IN SUBSEQUENT PERIODS 50,490 1,233
Other comprehensive income not to be reclassified to profit or loss in subsequent periods:
Defined Benefit Pension Provision (159) (228)
Income Tax Effect 40 57
NET OTHER COMPREHENSIVE INCOME NOT TO BE RECLASSIFIED TO PROFIT
OR LOSS IN SUBSEQUENT PERIODS (119) (171)
OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 25,044 28,235
TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 213,154 187,436
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The accompanying notes form an integral part of these financial statements.

FINANCIAL STATEMENTS Balance Sheet

Balance Sheet

AS AT 31 MARCH 2021

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2021 2020
Note $000 $000
CURRENT ASSETS
Bank 10 139,555 116,140
Trade Debtors 11 489,246 420,839
Income Tax Receivable 251 2,937
Other Receivables 12 89,531 73,129
718,583 613,045
NON-CURRENT ASSETS
Property 14 755,566 652,639
Plant & Equipment 14 162,597 123,936
Right of Use Assets 20 567,956 615,250
Software 15 53,510 53,542
Goodwill 15 208,626 226,566
Other Intangible Assets 15 1,607 4,578
Deferred Tax Asset 7 18,461 15,038
1,768,323 1,691,549
TOTAL ASSETS 2,486,906 2,304,594
CURRENT LIABILITIES
Bank 10 - 6
Trade Creditors & Accruals 18 412,826 339,562
Employee Entitlements 16 91,997 69,565
Provision for Taxation 30,344 19,207
Lease Liability for Right of Use Assets 20 118,158 124,128
Asset Finance Loans 19 9,198 2,732
662,523 555,200
NON-CURRENT LIABILITIES
Bank Term Loan 19 210,000 267,698
Employee Entitlements 16 2,922 2,887
Deferred Tax Liability 7 6,571 6,654
Lease Liability for Right of Use Assets 20 467,276 502,734
Asset Finance Loans 19 22,568 3,082
709,337 783,055
TOTAL LIABILITIES 1,371,860 1,338,255
SHAREHOLDERS’ EQUITY
Share Capital 21 85,821 85,821
Retained Earnings 897,383 773,720
Revaluation Reserve 141,094 90,604
Foreign Currency Translation Reserve (8,660) 16,667
Defined Benefit Pension Reserve (592) (473)
TOTAL EQUITY 1,115,046 966,339
TOTAL LIABILITIES AND EQUITY 2,486,906 2,304,594
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For and on behalf of the Board who authorised the issue of these financial statements on 25 June 2021.

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Simon Cotter, Director

Bruce Plested, Chairman

The accompanying notes form an integral part of these financial statements.

FINANCIAL STATEMENTSSECTION Title Statement of Changes in Equity

Statement of Changes in Equity

FOR THE YEAR ENDED 31 MARCH 2021

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Foreign Defined
Asset Currency Benefit
2021 Ordinary Revaluation Translation Pension Retained
$000 Note Shares Reserve Reserve Reserve Earnings Total
Balance at 1 April 2020 85,821 90,604 16,667 (473) 773,720 966,339
Profit for the Year - - - - 188,110 188,110
Other Comprehensive Income - 50,490 (25,327) (119) - 25,044
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR - 50,490 (25,327) (119) 188,110 213,154
TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS:
Supplementary Dividends - - - - (2,132) (2,132)
Dividends Paid 8 - - - - (64,447) (64,447)
Foreign Investor Tax Credit - - - - 2,132 2,132
BALANCE AT 31 MARCH 2021 85,821 141,094 (8,660) (592) 897,383 1,115,046
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Foreign Defined
Asset Currency Benefit
2020 Ordinary Revaluation Translation Pension Retained
$000 Note Shares Reserve Reserve Reserve Earnings Total
Balance at 1 April 2019 85,821 89,371 (10,506) (302) 673,931 838,315
Profit for the Year - - - - 159,201 159,201
Other Comprehensive Income - 1,233 27,173 (171) - 28,235
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR - 1,233 27,173 (171) 159,201 187,436
TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS:
Supplementary Dividends - - - - (2,413) (2,413)
Dividends Paid 8 - - - - (59,412) (59,412)
Foreign Investor Tax Credit - - - - 2,413 2,413
BALANCE AT 31 MARCH 2020 85,821 90,604 16,667 (473) 773,720 966,339
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The accompanying notes form an integral part of these financial statements.

FINANCIAL STATEMENTS Cash Flow Statement

Cash Flow Statement

FOR THE YEAR ENDED 31 MARCH 2021

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2021 2020
Note $000 $000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from Customers 3,459,132 3,092,861
Interest Received 307 658
Payments to Suppliers and Team Members (2,992,486) (2,705,526)
Finance Charge on NZ IFRS 16 Leases (16,225) (17,021)
Interest Paid (5,784) (6,326)
Income Taxes Paid (68,662) (63,846)
NET CASH FLOWS FROM OPERATING ACTIVITIES 22 376,282 300,800
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from Sale of Property, Plant & Equipment 3,529 4,930
Proceeds from Sale of Software - 52
Purchase of Property, Plant & Equipment (104,048) (143,286)
Purchase of Software (18,030) (16,728)
Advances to Team Members (2) -
NET CASH FLOWS FROM INVESTING ACTIVITIES (118,551) (155,032)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds of Long Term Loans 22 62,054 40,554
Dividend Paid to Shareholders (64,447) (59,412)
Repayment of Loans 22 (118,073) (32,421)
Lease Payments NZ IFRS 16 22 (107,125) (100,644)
NET CASH FLOWS FROM FINANCING ACTIVITIES (227,591) (151,923)
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 30,140 (6,155)
Net Foreign Exchange Differences (6,719) 7,109
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 116,134 115,180
CASH AND CASH EQUIVALENTS AT END OF PERIOD 139,555 116,134
COMPRISED
Bank and Short Term Deposits 10 139,555 116,140
Bank Overdraft - (6)
139,555 116,134
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The accompanying notes form an integral part of these financial statements.

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2021

1 CORPORATE INFORMATION

The financial statements of Mainfreight Limited (“the Parent“) and its subsidiaries (“the Group”) for the year ended 31 March 2021 were authorised for issue in accordance with a resolution of the Directors.

Mainfreight Limited is a company limited by shares incorporated in New Zealand whose shares are publicly traded on the NZX Main Board (New Zealand Stock Exchange).

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of Preparation

The financial statements have been prepared in accordance with generally accepted accounting practice in New Zealand (NZ GAAP) and the requirements of the Companies Act 1993 and the Financial Markets Conduct Act 2013. The financial statements have been prepared:

On a historical cost basis, except for land, and derivative financial instruments.
On a GST exclusive basis, except for receivables and payables that are stated inclusive of GST.

(b) Statement of Compliance

The financial statements comply with New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) and other applicable Financial Reporting Standards, as appropriate for profit-oriented entities. The financial statements comply with International Financial Reporting Standards (IFRS).

(c) Basis of Consolidation

The consolidated financial statements comprise the financial statements of Mainfreight Limited and its subsidiaries (the “Group”) as at 31 March each year (as outlined in note 13).

Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the statement of comprehensive income from the date the Group gains control until the date the Group ceases to control the subsidiary.

Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.

The financial statements of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Income and expenses for each subsidiary whose functional currency is not New Zealand dollars are translated at exchange rates which approximate the rates at the actual dates of the transactions. Assets and liabilities of such subsidiaries are translated at exchange rates prevailing at balance date. All resulting exchange differences are recognised in the foreign currency translation reserve which is a separate component of equity.

In preparing the consolidated financial statements, all inter-company balances and transactions, income and expenses and profit and losses resulting from intra-group transactions have been eliminated in full.

(d) Foreign Currency Translation

(i) Functional and Presentation Currency

The presentation currency of the Group is New Zealand dollars ($) and all values are rounded to the nearest thousand dollars ($000). Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency.

(ii) Transactions and Balances

Transactions in foreign currencies are initially recorded in the functional currency by applying the exchange rates ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date.

All exchange differences in the consolidated financial statements are taken to the income statement with the exception of differences on foreign currency borrowings that provide a hedge against a net investment and differences arising on translation of a foreign operation. These are recognised in other comprehensive income and accumulated in reserves until disposal of the net investment at which time they are recognised in profit or loss. On disposal of a foreign operation, the cumulative amount recognised in equity relating to that particular foreign operation is recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in equity.

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate as at the date of the initial transaction. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined.

(iii) Hedges of a Net Investment

Hedges of a net investment in a foreign operation, including a hedge of a monetary item that is accounted for as part of the net investment, are accounted for by including the gains or losses on the hedging instrument relating to the effective portion of the hedge directly in equity while any gains or losses relating to the ineffective portion of the hedge are recognised in profit or loss. On disposal of the foreign operation, the cumulative value of any such gains or losses recognised directly in equity is transferred to the income statement.

(e) Changes in Accounting Policies

The accounting policies applied in the preparation of the consolidated financial statements are consistent with the prior year. The Group has not early adopted any standards, interpretation or amendment that have been issued but are not yet effective.

(f) New Accounting Standards and Interpretations

The Group has no new material standards that require adoption in future years.

(g) Revenue Recognition

In relation to freight transactions, the Group considers its sole performance obligation to be the delivery of freight to the final destination. Ancillary services such as customs clearance are not considered to be separate performance obligations. Instead, together with freight they represent a bundle of performance obligations.

The Group considers that the performance obligation is satisfied over time, and so will recognise the related revenue as the performance obligation is satisfied. In relation to domestic transport and warehousing the stage of completion is to be measured relative to cost whereas in relation to air and ocean freight it will be measured relative to time.

Judgement is involved in determining the measure of cost and time on which to base the recognition of revenues at each reporting date.

Revenue has been disaggregated in note 5 by domestic transport, warehousing and air and ocean forwarding.

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Group’s principal financial instruments, other than derivatives, comprise bank loans and overdrafts, cash and short-term deposits, director loans, trade creditors and accruals and trade debtors.

The main purpose of these financial instruments is to raise finance and provide working capital for the Group’s operations.

The Group also enters into derivative transactions, principally interest rate swaps. The purpose is to manage the interest rate risks arising from the Group’s operations and its sources of finance. These are not currently hedge accounted.

The main risks arising from the Group’s financial instruments are cash flow interest rate risk, fair value interest rate risk, liquidity risk, foreign currency risk and credit risk.

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial assets, financial liabilities and equity instruments are disclosed in notes 2 and 4 to the financial statements and other relevant notes.

Cash Flow Interest Rate Risk

The Group’s exposure to cash flow risk through changes in market interest rates relates primarily to the Group’s long-term debt obligations with a floating interest rate. The level of debt is disclosed in note 19.

The Group’s policy is to manage its interest cost using a mix of fixed and variable rate debt. To manage this mix in a cost efficient manner, the Group enters into interest rate swaps, in which the Group agrees to exchange, at specified intervals, the difference between fixed and variable rate interest amounts calculated by reference to an agreed-upon notional principal amount. With the current low interest rate environment the Board decided not to enter into any swaps at this time. At 31 March 2021 none of the Group’s borrowings are at a fixed rate of interest (2020: nil).

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)

Fair Value Interest Rate Risk

If the Group holds fixed rate debt there is a risk that the economic value of a financial instrument will fluctuate because of changes in market interest rates. The level of fixed rate debt is disclosed in note 19 and it is acknowledged that this risk is a by-product of the Group’s attempt to manage its cash flow interest rate risk. The Group is also exposed to fair value interest rate risk through the use of interest rate swaps. The Group accepts this risk as a by-product of its hedging strategy.

Interest on financial instruments classified as floating have their rates repriced at intervals of less than one year. Fixed rate instruments are fixed until the maturity of the instrument.

The Group constantly analyses its interest rate risk exposure. Within this analysis consideration is given to potential renewals of existing positions, alternative financing and the mix of fixed and variable interest rates.

The following sensitivity analysis is based on the interest rate exposures in existence at the balance sheet date.

At 31 March 2021, if interest rates had moved, as illustrated in the table below, with all other variables held constant, post tax profit (including swap fair value movements) and equity would have been affected as follows:

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Post Tax Profit and Equity
Higher (Lower)
2021 2020
$000 $000
+ 1.0% (100 Basis Points) (513) (1,102)
- 0.5% (50 Basis Points) 256 551
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Foreign Currency Risk

Foreign currency risk is the risk that the value of the Group’s assets, liabilities and financial performance will fluctuate due to changes in foreign currency rates.

The Group is primarily exposed to currency risk as a result of its operations in Australia, America, Europe and Asia.

The risk to the Group is that the value of the overseas subsidiaries’ and associates’ financial positions and financial performances will fluctuate in economic terms and as recorded in the financial statements due to changes in overseas exchange rates.

The Group economically hedges some of the currency risk relating to its Australian operations by holding a portion of its bank borrowings in Australian dollars. Any foreign currency movement in the net assets of the Australian subsidiaries is partly offset by an opposite movement in the Australian dollar loan. In addition, the Group has loans in Euros to assist in funding its European operations and to offset the variability of future post interest financial performance to foreign exchange rate fluctuations.

Included in bank term loans at 31 March 2021 is a borrowing of EU€83,000,000 (2020 €95,900,000) which has been designated as a hedge of the net investments in the European subsidiaries. It is being used to hedge the Group’s exposure to changes in exchange rates on the value of its net investments in Europe. Gains or losses on the retranslation of this borrowing are recognised in other comprehensive income to offset any gains or losses on translation of the net investments in the subsidiaries. A net after tax gain on the hedge of the net investment of NZ$7,153,938 (2020 net after tax loss $8,545,025) was recognised in other comprehensive income for the period.

There is an economic relationship between the hedged item and the hedging instrument as the net investment creates a translation risk that will match the foreign exchange risk on the EUR borrowing. The Group has established a hedge ratio of 1:1 as the underlying risk of the hedging instrument is identical to the hedged risk component. Hedge ineffectiveness will arise when the amount of the investment in the foreign subsidiary becomes lower than the amount of the fixed rate borrowing.

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2021 2020
AU$000 AU$000
Net Assets Relating to Australian Subsidiaries Exposed to Currency Risk 191,508 165,311
US$000 US$000
Net Assets Relating to American & Asian Subsidiaries Exposed to Currency Risk 138,058 112,977
EU€000 EU€000
Net Assets Relating to European Subsidiaries Exposed to Currency Risk 70,118 49,897
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Currency movements in the foreign denominated balances above are reflected in the Foreign Currency Translation Reserve. The movements were comprised of the following:

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2021 2020
NZ$000 NZ$000
Retranslation of Net Assets in Foreign Subsidiaries (22,545) 23,850
Tax on Unrealised Foreign Exchange Gain (2,782) 3,323
MOVEMENT IN FOREIGN CURRENCY TRANSLATION RESERVE (25,327) 27,173
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3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)

The Group is exposed to currency risk in relation to trading balances denominated in other than the NZ dollar, principally by the trading of the Group’s overseas businesses.

At 31 March 2021 the Group has the following monetary assets and liabilities denominated in other than the NZ dollar: 76% of trade accounts payable (2020 79%), 78% of trade accounts receivable (2020 80%), 86% of cash assets (2020 88%), and 100% of cash liabilities (2020 100%). These amounts are inclusive of the above balances held in foreign subsidiaries.

The following sensitivity is based on the foreign currency risk exposures in existence at the balance sheet date:

At 31 March 2021, had the New Zealand Dollar moved as illustrated in the table below with all other variables held constant, post tax profit and equity would have been affected as follows:

Judgements of reasonably possible movements:

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Post Tax Profit Equity
Higher / (Lower) Higher / (Lower)
2021 2020 2021 2020
$000 $000 $000 $000
NZD/USD +10% (3,287) (2,343) (18,147) (17,357)
NZD/USD -10% 4,017 2,863 22,177 21,214
NZD/AUD +10% (3,866) (2,425) (21,800) (16,689)
NZD/AUD -10% 4,726 2,964 26,644 20,397
NZD/EURO +10% (2,545) (1,623) (12,987) (12,570)
NZD/EURO -10% 3,111 1,983 15,873 15,363
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The movement in equity is a combination of movement in post-tax profit and the movement in the foreign currency translation reserve as values of overseas investments in subsidiaries change.

Management believes the balance date risk exposures are representative of the risk exposure inherent in the financial instruments.

Credit Risk

In the normal course of business, the Group is exposed to credit risk from financial instruments including cash, trade receivables and derivative financial instruments.

Receivable balances are monitored on an ongoing basis with the result that, in management’s view, the Group’s exposure to bad debts is not significant. The Group does not have concentrations of credit risk by industry but does have concentrations by geographical sectors (refer to Segment Reporting in note 5).

With respect to credit risk arising from the other financial assets of the Group, which comprise cash and cash equivalents and certain derivative instruments, the Group’s exposure to credit risk arises from default of the counterparty, with a maximum exposure equal to the carrying amount of these instruments. The Group has a policy only to deal with registered banks or financial institutions with high quality credit ratings.

It is the Group's policy that customers considered higher risk who wish to trade on credit terms are subject to credit verification procedures including an assessment of their independent credit rating, financial position, past experience and industry reputation. Risk limits are set for each individual customer in accordance with parameters set by the Board. These risk limits are regularly monitored.

Liquidity Risk

Liquidity risk represents the Group’s ability to meet its contractual obligations. The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank overdrafts, bank loans, and asset finance loans. The Board considers that, in general, the Group has sufficient cash flows from operating activities to meet their obligations. If there are projected shortfalls, management ensures adequate committed finance is available.

At 31 March 2021, none of the Group's debt will mature in less than one year (2020: nil).

The table below reflects all contractually fixed payments and receivables for settlement, repayments and interest resulting from recognised financial assets and liabilities, including derivative financial instruments as of 31 March 2021. The respective undiscounted cash flows for the respective upcoming fiscal years are presented. Cash flows for financial assets and liabilities without fixed amount or timing are based on the conditions existing at 31 March 2021.

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

3 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)

Liquidity Risk (continued)

The remaining contractual maturities of the Group's financial liabilities are:

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2021 Year ($000) 2020 Year ($000)
<6 6-12 1-2 2-5 <6 6-12 1-2 2-5
months months years Years Total months months years Years Total
Term Loan 1,416 1,416 18,624 199,873 221,329 2,036 2,036 4,072 275,842 283,986
Overdraft - - - - - 6 - - - 6
Lease Liability
for Right of
Use Assets 63,689 63,689 114,221 380,717 622,316 71,091 71,091 129,669 427,226 699,077
Creditors 412,826 - - - 412,826 339,562 - - - 339,562
Others 4,849 4,849 8,609 15,460 33,767 1,435 1,435 1,977 1,323 6,170
TOTAL 482,780 69,954 141,454 596,050 1,290,238 414,130 74,562 135,718 704,391 1,328,801
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At balance date, the Group has approximately $269 million (2020: $234 million) of unused credit facilities available for its immediate use.

Fair Value

The Group uses various methods in estimating the fair value of assets carried at fair value. The methods comprise:

Level 1: the fair value is calculated using quoted prices in active markets,
Level 2: the fair value is estimated using inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices),
Level 3: the fair value is estimated using inputs for the asset or liability that are not based on observable market data.

The methods for estimating fair value are outlined in the relevant notes to the financial statements. Refer to note 14.

4 SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS

In applying the Group’s accounting policies, management continually evaluates judgements, estimates and assumptions based on experience and other factors, including expectations of future events that may have an impact on the Group. All judgements, estimates and assumptions made are believed to be reasonable based on the most current set of circumstances available to management. Actual results may differ from the judgements, estimates and assumptions and the differences may be material. Significant judgements, estimates and assumptions made by management in the preparation of these financial statements are discussed within the specific accounting policy or note as shown below:

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Area of Judgement Note
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Allocation of Goodwill to Cash Generating Units	15
Impairment of Goodwill and Intangibles with Indefinite Useful Lives	15
Allowance for Expected Credit Loss on Trade Debtors	11
Estimation of Useful Lives of Assets	14 & 15
Estimation of Land Valuation	14
Timing of Revenue Recognition	2
Estimation of Reasonable Certainty to Extend Lease term	20
Estimation of Incremental Borrowing Rate for Leases	20

5 SEGMENTAL REPORTING

An operating segment is a component of an entity that engages in business activities from which it may earn revenues and incur expenses whose operating results are regularly reviewed by the entity’s chief operating decision maker and for which discrete financial information is available.

The Group operates in the domestic supply chain (i.e. moving and storing freight within countries) and air and ocean freight industries (i.e. moving freight between countries). New Zealand, Australia, The Americas and Europe are each reported to management as one segment as the businesses there perform both domestic and air and ocean services.

The accounting policies of the operating segments are the same as those described in note 2 with the exception of deferred tax and the fair value of derivative financial instruments which are not reported on a monthly basis.

The segmental results from operations are disclosed below.

Geographical Segments

The following table represents revenue, margin and certain asset information regarding geographical segments for the years ended 31 March 2021 and 31 March 2020.

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New The Inter- Total
Year Ended 31 March 2021 Zealand Australia Americas Asia Europe Segment $000
OPERATING REVENUE
- Sales to customers
outside the group 845,554 939,340 859,647 155,392 743,905 - 3,543,838
-
- Inter-segment sales 2,199 25,773 50,574 160,354 44,708 (283,608)
TOTAL REVENUE 847,753 965,113 910,221 315,746 788,613 (283,608) 3,543,838
PBT & Abnormal Items 97,814 76,573 38,627 10,501 38,892 - 262,407
Net Interest Expense 6,289 7,267 4,948 143 3,055 - 21,702
Depreciation &
Amortisation 48,411 46,910 27,779 3,086 56,212 - 182,398
Capital Expenditure 73,612 18,503 9,859 1,418 18,686 - 122,078
Trade Receivables 107,640 129,358 140,222 52,032 105,504 (45,510) 489,246
Non-current Assets 672,691 473,197 229,823 17,862 374,750 - 1,768,323
Total Assets 805,375 640,163 410,136 92,505 584,237 (45,510) 2,486,906
Total Liabilities 348,340 379,753 272,829 52,965 363,483 (45,510) 1,371,860
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Year Ended 31 March 2020	New Zealand	Australia	The Americas	Asia	Europe	Inter- Segment	Total $000
OPERATING REVENUE
- Sales to customers outside the group	752,913	796,545	761,950	94,786	689,200	-	3,095,394
- Inter-segment sales	396	20,352	48,421	73,489	38,133	(180,791)	-
TOTAL REVENUE	753,309	816,897	810,371	168,275	727,333	(180,791)	3,095,394
PBT & Abnormal Items	87,691	51,344	30,881	5,236	31,101	-	206,253
Net Interest Expense	5,277	8,301	5,045	153	3,913	-	22,689
Depreciation &
Amortisation	46,799	45,164	24,481	2,945	50,340	-	169,729
Capital Expenditure	62,225	71,497	9,025	1,126	16,141	-	160,014
Trade Receivables	83,982	105,889	119,361	24,618	110,812	(23,823)	420,839
Non-current Assets	560,315	451,269	236,302	17,765	425,898	-	1,691,549
Total Assets	665,587	590,187	385,118	64,399	623,126	(23,823)	2,304,594
Total Liabilities	299,026	364,160	258,797	33,125	406,970	(23,823)	1,338,255

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

5 SEGMENTAL REPORTING (CONTINUED)

Division Segments

The following table represents revenue and PBT regarding the three main types of services for the years ended 31 March 2021 and 31 March 2020.

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Domestic Air & Ocean Total
Year Ended 31 March 2021 Transport Warehousing Forwarding $000
Revenue 1,610,741 452,116 1,480,981 3,543,838
PBT & Abnormal Items 140,527 42,207 79,673 262,407
Domestic Air & Ocean Total
Year Ended 31 March 2020 Transport Warehousing Forwarding $000
Revenue 1,550,299 409,749 1,135,346 3,095,394
PBT & Abnormal Items 119,682 34,317 52,254 206,253
Reconciliation between non-GAAP and the Income Statement
2021 2020
$000 $000
PROFIT BEFORE TAXATION FOR THE YEAR 262,407 201,470
Abnormal Items - 4,783
PROFIT BEFORE ABNORMAL ITEMS AND TAXATION FOR THE YEAR 262,407 206,253
Interest Income (307) (658)
Finance Costs Relating to Lease Liabilities 16,225 17,021
Other Finance Costs 5,784 6,326
EBITA 284,109 228,942
Depreciation of Right of Use Assets 113,938 111,877
Other Depreciation and Amortisation Expenses 68,460 57,852
EBITDA (adjusted) 466,507 398,671
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EBITDA (adjusted) is defined as earnings before net interest expense, tax, depreciation, amortisation, abnormal items and royalties (segment only; not Group).

There are no customers in any segment that comprise more than 10% of that segment's revenue.

Bank term loan is allocated based on segment net assets excluding bank term loan.

The geographical segments are determined based on the location of the Group's assets.

6 EXPENSES AND OTHER INCOME

The Profit before Taxation is stated:

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2021 2020
$000 $000
AFTER CHARGING:
Audit Fees - Parent Company Auditors 2,329 2,035
Audit Fees - Other Auditors - 94
Other Fees Paid to Parent Company Auditors
Tax Advice and Compliance 1,287 892
Financial Statement Compilation 30 16
Advice on Employment Law 20 -
Employee Benefits Expense
Wages and Salaries 723,054 669,503
Directors’ Fees 390 600
TOTAL EMPLOYEE BENEFITS 723,444 670,103
Interest: Variable Loans 5,351 6,135
Asset Finance Loans 433 191
Finance Costs Relating to Lease Liabilities (note 20) 16,225 17,021
Donations 1,253 1,215
AFTER CREDITING OTHER INCOME:
Interest Income 307 658
Net Gain / (Loss) on Foreign Exchange 1,428 5,378
Net Gain / (Loss) on Disposal of Property, Plant & Equipment 601 856
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*EY are independent of the Group in accordance with Professional and Ethical Standard 1 "International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)" issued by the New Zealand Auditing and Assurance Standards Board, and they have fulfilled their other ethical responsibilities in accordance with these requirements - refer Auditor's Report pages 107-109.

Lloyd Bunyan, the current EY audit partner, was appointed 27 June 2018.

**No donations to political parties were made in either year.

7 INCOME TAX

Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities based on the current period’s taxable income. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted by the balance sheet date.

Deferred income tax is generally provided on all temporary differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred income tax liabilities are recognised for all taxable temporary differences except:

When the deferred income tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination and that, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; or ·
When the taxable temporary difference is associated with investments in subsidiaries, associates or interests in joint ventures, and the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future.

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

7 INCOME TAX (CONTINUED)

Deferred income tax assets are recognised for all deductible temporary differences, carry-forward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry-forward of unused tax credits and unused tax losses can be utilised, except:

When the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; or
When the deductible temporary difference is associated with investments in subsidiaries, associates or interests in joint ventures, in which case a deferred tax asset is only recognised to the extent that it is probable that the temporary difference will reverse in the foreseeable future and taxable profit will be available against which the temporary difference can be utilised.

The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised. Unrecognised deferred income tax assets are reassessed at each balance sheet date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date. Income taxes relating to items recognised directly in equity are recognised in equity and not in the income statement.

Deferred tax assets and deferred tax liabilities are offset only if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and liabilities relate to the same taxable entity and the same taxation authority.

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2021 2020
$000 $000
Profit Before Taxation for the Year 262,407 201,470
Prima Facie Taxation at 28% NZ, 30% Australia, 27% USA, 16.5% Hong Kong, 25% China, 25% Europe 72,217 55,670
(31 March 2020 28% NZ, 30% Australia, 27% USA, 16.5% Hong Kong, 25% China, 25% Europe)
Adjusted by the Tax Effect of:
Prior Year Tax Adjustments (286) (428)
Deferred Tax on Buildings Adjustment - refer note 25 - (14,700)
Non-deductible Expenses 2,366 1,727
AGGREGATE INCOME TAX EXPENSE 74,297 42,269
Current Tax 77,803 63,892
Deferred Tax (3,506) (21,623)
74,297 42,269
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||||
|---|---|---|
|IMPUTATION CREDIT ACCOUNT|
|2021|2020|
|$000|$000|
|THE AMOUNT OF CREDITS AVAILABLE FOR USE IN SUBSEQUENT REPORTING PERIODS|66,505|59,933|

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7 INCOME TAX (CONTINUED)

Recognised Deferred Tax Assets and Liabilities

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Balance Sheet Income Statement
2021 2020 2021 2020
$000 $000 $000 $000
(i) Deferred Tax Assets
Doubtful Debts 1,025 1,018 (77) (56)
Provisions:
Annual Leave 6,059 4,958 (1,063) (533)
Long Service Leave 3,717 2,862 (681) (108)
Bonuses 10,675 6,835 (3,926) (1)
Superannuation 5 16 11 (12)
Other 7,742 7,361 (459) (1,570)
Lease NZ IFRS 16 4,920 3,202 (1,878) (3,202)
Unrealised FX Gains / Losses 146 - (280) 45
Foreign Exchange Impact - - (930) 1,030
Gross Deferred Tax Assets 34,289 26,252
Set-off of Deferred Tax Liabilities 15,828 11,214
NET DEFERRED TAX ASSETS PER BALANCE SHEET 18,461 15,038
(ii) Deferred Tax Liabilities
Deferred Tax on Property, Plant & Equipment 22,361 17,089 6,343 (15,992)
Customer Lists 38 653 (566) (272)
Brand Names - - - (952)
Unrealised FX Gains / Losses - 126 - -
Gross Deferred Tax Liabilities 22,399 17,868
Set-off of Deferred Tax Liabilities Against Assets 15,828 11,214
NET DEFERRED TAX LIABILITIES PER BALANCE SHEET 6,571 6,654
DEFERRED TAX (INCOME) / EXPENSE (3,506) (21,623)
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8 DIVIDENDS PAID AND PROPOSED

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2021 2020
$000 $000
RECOGNISED AMOUNTS
Declared and Paid During the Year to Parent Shareholders
Final Fully Imputed Dividend for 2020: 34.0 cents (2019: 34.0 cents) 34,237 34,237
Interim Fully Imputed Dividend for 2021: 30.0 cents (2020: 25.0 cents) 30,210 25,175
64,447 59,412
UNRECOGNISED AMOUNTS
Final Fully Imputed Dividend for 2021: 45.0 cents (2020: 34.0 cents) 45,314 34,237
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After the balance date, the above unrecognised dividends were approved by Directors' resolution dated 25 May 2021. These amounts have not been recognised as a liability in 2021 but will be brought to account in 2022.

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

9 EARNINGS PER SHARE

Basic earnings per share is calculated as net profit attributable to members of the Parent, adjusted to exclude any costs of servicing equity (other than dividends), divided by the weighted average number of ordinary shares.

Diluted earnings per share is calculated as net profit attributable to members of the parent, adjusted for:

Costs of servicing equity (other than dividends);
The after tax effect of dividends and interest associated with dilutive potential ordinary shares that have been recognised as expenses; and
Other non-discretionary changes in revenues or expenses during the period that would result from the dilution of potential ordinary shares;

divided by the weighted average number of ordinary shares and dilutive potential ordinary shares.

There was no dilution of earnings per share in 2021 (nil 2020).

The following reflects the income used in the basic and diluted earnings per share computations:

Net profit from continuing operations attributable to ordinary equity holders of the Parent.

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2021 2020
$000 $000
FOR BASIC AND DILUTED EARNINGS PER SHARE
Net Profit Attributable to Ordinary Equity Holders of the Parent 188,110 159,201
WEIGHTED AVERAGE NUMBER OF SHARES Thousands Thousands
Weighted Number of Ordinary Shares for Basic Earnings Per Share 100,699 100,699
Cents Cents
Basic and Diluted Earnings Per Share: Total Operations 186.81 158.10
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10 CURRENT ASSETS – CASH AND CASH EQUIVALENTS

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term deposits with an original maturity of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amounts of cash and cash equivalents represent fair value.

Reconciliation to Cash Flow Statement

For the purposes of the Cash Flow Statement, cash and cash equivalents comprise the following at 31 March:

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2021 2020
$000 $000
Cash at Bank and in Hand 139,555 116,140
Bank Overdrafts - (6)
AS PER CASH FLOW STATEMENT 139,555 116,134
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11 CURRENT ASSETS – TRADE DEBTORS

Trade debtors are non-interest bearing and are generally on 7–30 day terms. They are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less an allowance for impairment.

Collectability of trade debtors is reviewed on an ongoing basis. Debts that are known to be uncollectible are written off when identified. The Group applies a simplified approach in calculating expected credit losses. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime expected credit losses at each reporting date. This is based on historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. Trade debtors are written off as bad debts when all avenues of collection have been exhausted. Due to the short-term nature of these debtors, their carrying value is assumed to approximate fair value.

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2021 2020
$000 $000
Trade Debtors 493,862 425,637
Allowance for Impairment Loss (4,616) (4,798)
489,246 420,839
Movements in the allowance for impairment were as follows:
Balance at 1 April 4,798 3,854
Charge for the Year 2,527 4,141
Amounts Written Off (2,709) (3,197)
BALANCE AT 31 MARCH 4,616 4,798
At 31 March, the ageing analysis of trade receivables is as follows:
61-90 61-90 +91 +91
0-30 31-60 Days Days Days Days
$000 Total Days Days PDNI CI# PDNI CI#
2021 493,862 381,061 91,325 13,199 605 3,661 4,011
2020 425,637 288,831 98,578 20,084 513 13,346 4,285
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Past due not impaired (PDNI)

Considered Impaired (CI)

Credit risk management policy is disclosed in note 3.

The maximum exposure to credit risk is the fair value of receivables. Collateral is not held as security, nor is it the Group’s policy to transfer receivables.

12 CURRENT ASSETS – OTHER RECEIVABLES

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2021 2020
$000 $000
Sundry Prepayments and Other Receivables 89,531 73,129
CARRYING AMOUNT OF OTHER RECEIVABLES 89,531 73,129
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FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

13 INVESTMENT IN SUBSIDIARY COMPANIES

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Principal Subsidiary Companies all with Country of 2021 2020
31 March Balance Dates Include: Principal Activity Incorporation Shareholding Shareholding
Daily Freight (1994) Ltd Domestic Freight Forwarding New Zealand 100.0% 100.0%
Owens Transport Ltd Domestic Freight Forwarding New Zealand 100.0% 100.0%
Mainfreight Air & Ocean Ltd Air & Ocean Freight Forwarding New Zealand 100.0% 100.0%
Owens Group Ltd Group Services New Zealand 100.0% 100.0%
Mainfreight Distribution Pty Ltd Domestic Freight Forwarding Australia 100.0% 100.0%
Owens Transport Pty Ltd Domestic Freight Forwarding Australia 100.0% 100.0%
Mainfreight Air & Ocean Pty Ltd Air & Ocean Freight Forwarding Australia 100.0% 100.0%
Mainfreight Holdings Pty Ltd Holding Company Australia 100.0% 100.0%
Mainfreight Finance Australia Holding Partnership Australia 100.0% 100.0%
Carotrans International Inc. Air & Ocean Freight Forwarding U.S.A. 100.0% 100.0%
Mainfreight, Inc. Domestic & Air & Ocean Freight U.S.A. 100.0% 100.0%
Forwarding
Mainfreight USA Partnership Holding Partnership U.S.A. 100.0% 100.0%
Mainfreight Chile SpA Air & Ocean Freight Forwarding Chile 100.0% 100.0%
Mainfreight, Inc. Air & Ocean Freight Forwarding Canada 100.0% 100.0%
Mainfreight Mexico S de RL de CV Air & Ocean Freight Forwarding Mexico 100.0% 100.0%
Mainfreight Hong Kong Ltd Air & Ocean Freight Forwarding Hong Kong 100.0% 100.0%
Mainfreight China Ltd Air & Ocean Freight Forwarding Hong Kong 100.0% 100.0%
Mainfreight Int.Logistics (Shanghai) Co Ltd Air & Ocean Freight Forwarding China 100.0% 100.0%
Mainline Global Logistics Pte Ltd Air & Ocean Freight Forwarding Singapore 100.0% 100.0%
Mainfreight Global Taiwan Ltd Air & Ocean Freight Forwarding Taiwan 100.0% 100.0%
Mainfreight (Thailand) Co Ltd Air & Ocean Freight Forwarding Thailand 100.0% 100.0%
Mainfreight Vietnam Company Ltd Air & Ocean Freight Forwarding Vietnam 100.0% 100.0%
Mainfreight Logistics (Malaysia) Sdn Bhd Air & Ocean Freight Forwarding Malaysia 100.0% 100.0%
Mainfreight Japan Co Ltd Air & Ocean Freight Forwarding Japan 100.0% 100.0%
Mainfreight Korea Ltd Air & Ocean Freight Forwarding South Korea 100.0% 100.0%
Mainfreight Netherlands Coop UA Holding Entity Netherlands 100.0% 100.0%
Mainfreight Netherlands International BV Holding Entity Netherlands 100.0% 100.0%
Mainfreight Holding BV Holding Entity Netherlands 100.0% 100.0%
Debo Montferland BV Holding Entity Netherlands 100.0% 100.0%
Mainfreight Customs Clearance BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight Forwarding Netherlands BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight Transport Netherlands BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight Crossdock BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight BV Air & Ocean Freight Forwarding Netherlands 100.0% 100.0%
Wim Bosman C.E.E. BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight Logistic Services Netherlands BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight Logistic Services Geleen BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
SystemPlus Logistics Services BV Domestic Freight Forwarding Netherlands 100.0% 100.0%
Mainfreight Support Belgium NV Group Services Belgium 100.0% 100.0%
SystemPlus Logistics Services NV Domestic Freight Forwarding Belgium 100.0% 100.0%
Mainfreight Forwarding Belgium NV Domestic Freight Forwarding Belgium 100.0% 100.0%
Mainfreight Transport Belgium BVBA Domestic Freight Forwarding Belgium 100.0% 100.0%
Mainfreight Logistic Services Belgium NV Domestic Freight Forwarding Belgium 100.0% 100.0%
Mainfreight N.V. Air & Ocean Freight Forwarding Belgium 100.0% 100.0%
Mainfreight France SA Domestic Freight Forwarding France 100.0% 100.0%
Mainfreight SAS Air & Ocean Freight Forwarding France 100.0% 100.0%
Mainfreight Poland Sp ZOO Domestic Freight Forwarding Poland 100.0% 100.0%
Mainfreight Sp ZOO Air & Ocean Freight Forwarding Poland 100.0% 100.0%
Mainfreight S.R.L. Domestic Freight Forwarding Romania 100.0% 100.0%
Mainfreight Russ LLC Domestic Freight Forwarding Russia 100.0% 100.0%
Mainfreight GmbH Air & Ocean Freight Forwarding Germany 100.0% 100.0%
Mainfreight Ukraine LLC Domestic Freight Forwarding Ukraine 100.0% 100.0%
Mainfreight UK Ltd Domestic & Air & Ocean Freight U.K. 100.0% 100.0%
Forwarding
Mainfreight Italy SRL Domestic & Air & Ocean Freight Italy 100.0% 100.0%
Forwarding
Mainfreight Spain, S.L.U. Air & Ocean Freight Forwarding Spain 100.0% 100.0%
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14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, except land, is stated at historical cost less accumulated depreciation and any accumulated impairment losses. Such cost includes the cost of replacing parts that are eligible for capitalisation when the cost of replacing the parts is incurred. All other repairs and maintenance are recognised in the income statement as incurred.

Land is measured at fair value, based on valuations by external independent valuers who apply the International Valuation Standards Committee International Valuation Standards, less any impairment losses recognised after the date of the revaluation. Land is revalued at least every three years with the last valuation done as at 31 March 2021.

Depreciation is calculated on a straight-line basis at rates calculated to allocate the assets’ cost, less estimated residual value, over their estimated useful lives as follows:

stimated useful lives as follows:
	Per annum
Land	not depreciated
Buildings	1.33% to 3.00%
Leasehold Improvements	10% or life of lease if shorter
Plant, Vehicles and Equipment	8% to 36%

The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each balance date.

Revaluations of Land

Revaluations increment is credited to other comprehensive income and accumulated in the asset revaluation reserve except to the extent that it reverses a revaluation decrease of the same asset previously recognised in the income statement, in which case the increase is recognised in the income statement.

Any revaluation decrement is recognised in the income statement, except to the extent that it offsets a previous revaluation increase for the same asset, in which case the decrease is debited directly to other comprehensive income to the extent of the credit balance existing in the revaluation reserve for that asset.

Disposal

An item of property, plant and equipment is de-recognised upon disposal or when no further future economic benefits are expected from its use or disposal.

Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the income statement in the year the asset is de-recognised.

(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year

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Plant, Leased
Vehicles Plant,
Leasehold & Vehicles & Work in
Year Ended Land Buildings Improvements Equipment Equipment Progress Total
31 March 2021 $000 $000 $000 $000 $000 $000 $000
At 1 April 2020, Net of
Accumulated Depreciation 269,737 294,658 18,931 115,007 3,438 74,804 776,575
Adjustment to opening
balance [ ###] - - - - 7,382 - 7,382
Additions 26,155 2,512 5,039 36,364 2,117 31,861 104,048
Disposals - (157) - (2,733) (106) (533) (3,529)
Transfer Between Asset
Classifications [ ] - 86,528 - 5,151 29,823 (91,679) 29,823
Revaluations 56,285 - - - - - 56,285
Annual Depreciation - (11,978) (3,181) (25,363) (8,687) - (49,209)
Foreign Exchange Impact 2,267 303 (1,165) (2,591) (3,206) 1,180 (3,212)
AT 31 MARCH 2021,
NET OF ACCUMULATED
DEPRECIATION 354,444 371,866 19,624 125,835 30,761 15,633 918,163
Cost or Fair Value 354,444 522,713 48,515 321,184 48,632 15,633 1,311,121
Accumulated Depreciation - (150,847) (28,891) (195,349) (17,871) - (392,958)
NET CARRYING AMOUNT 354,444 371,866 19,624 125,835 30,761 15,633 918,163
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On 1 April 2020, a further $7,382,000 was added to to Leased Vehicles due to the inclusion of the final balloon payment for those vehicles. A corresponding liability was recognised as an Asset Finance Loan as set out in note 19. *** A reclassification of $29,823,000 from NZ IFRS 16 Right of Use Lease Assets to leased vehicles was made effective 1 April 2020 - see note 20.

Work in progress net carrying amount included $9,632,000 for property (2020 $69,313,000).

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

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Leased
Plant, Plant,
Leasehold Vehicles Vehicles Work in
Year Ended Land Buildings Improvements & Equipment & Equipment Progress Total
31 March 2020 $000 $000 $000 $000 $000 $000 $000
At 1 April 2019,
Net of Accumulated
Depreciation 216,486 301,645 16,718 109,157 2,473 20,150 666,629
Additions 50,110 1,897 4,848 26,069 475 59,887 143,286
Disposals (24) (131) (69) (2,564) (107) (2,035) (4,930)
Transfer Between Asset
Classifications - 8 - 2,339 1,400 (3,747) -
Revaluations - - - - - - -
Annual Depreciation - (12,294) (3,232) (23,231) (1,004) - (39,761)
Foreign Exchange
Impact 3,165 3,533 666 3,237 201 549 11,351
AT 31 MARCH 2020,
NET OF ACCUMULATED
DEPRECIATION 269,737 294,658 18,931 115,007 3,438 74,804 776,575
Cost or Fair Value 269,737 440,294 46,135 298,932 13,834 74,804 1,143,736
Accumulated
Depreciation - (145,636) (27,204) (183,925) (10,396) - (367,161)
NET CARRYING AMOUNT 269,737 294,658 18,931 115,007 3,438 74,804 776,575
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At 31 March 2021 independent registered valuers performed a valuation of the Group's New Zealand and overseas land, buildings and leasehold improvements.

A summary of the 2021 valuations are:

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Weighted Average
Registered Valuer Country Capitalisation Rate Valuation 2019
Extensor Advisory Ltd New Zealand 5.66% NZ$566,730,000
Jones Lang LaSalle Australia 4.79% AU$226,310,000
DTZ Zadelhoff V.O.F. Netherlands 6.36% EU€23,402,487
DTZ Zadelhoff BE Belgium 7.80% EU€27,527,047
Galtier Expertise France 6.75% EU€4,004,528
Nica Violeta Cornelia Romania 10.80% EU€6,508,637
GROUP TOTAL NZ$916,277,000
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The element of this valuation related to land has been recorded in the financial statements resulting in the revaluation of land by $153,378,000 (2020 $97,564,000) above cost. In addition a deferred tax liability of $12,284,000 (2020 $6,960,000) was recorded resulting in a revaluation reserve of $141,094,000 (2020 $90,604,000)

The element of this valuation related to buildings has not been recorded in the financial statements. If it had been recorded a revaluation in buildings of $190,152,000 (2020 $129,659,000) would have occurred. In addition, a deferred tax liability of $14,515,000 (2020 $9,126,000) would have needed to be recorded resulting in an increase in the revaluation reserve of $175,637,000 (2020 $120,533,000).

In determining the fair value of land, the valuers have considered relevant general and economic factors and in particular have investigated recent sales and leasing transactions of comparable properties that have occurred in the relevant locations within which the assets sit. The valuers have used two principal approaches which are a capitalisation analysis and a direct comparison approach. The valuations of land have been determined using some inputs that are not observable in the market, namely capitalisation rate and the cashflows, and as a result these are considered level 3 valuations.

Included in the Group book values above but not in the valuations are Leasehold Improvements of $17,505,000 (2020 $16,740,000). There were no properties held for sale included in these valuations (2020 nil).

Leased plant, vehicles and equipment is pledged as security for the related asset finance loans.

14 NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

(b) Carrying Amounts if Land Was Measured at Cost Less Accumulated Impairment

If Land, including properties for sale, was measured using the cost model the carrying amounts would be as follows:

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2021 2020
$000 $000
Cost 201,066 172,173
Accumulated Impairment - -
NET CARRYING AMOUNT 201,066 172,173
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15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL

(i) Goodwill

Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of the business combination over the Group’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities.

Following initial recognition, goodwill is measured at cost less any accumulated impairment losses.

For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the business acquired are assigned to those units or groups of units. Each unit or group of units to which the goodwill is so allocated:

Represents the lowest level within the Group at which the goodwill is monitored for internal management purposes; and
Is not larger than a segment based on the Group’s operating segments determined in accordance with NZ IFRS 8 Segment Reporting.

Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units), to which the goodwill relates. When the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the carrying amount, an impairment loss is recognised. When goodwill forms part of a cash-generating unit (group of cash-generating units) and an operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of in this manner is measured based on the relative values of the operation disposed of and the portion of cash-generating unit retained.

Impairment losses recognised for goodwill are not subsequently reversed.

(ii) Intangible Assets

Intangible assets acquired separately or in a business combination are initially measured at cost. The cost of an intangible asset acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment losses. Internally generated intangible assets, excluding capitalised development costs, are not capitalised and expenditure is recognised in profit or loss in the year in which the expenditure is incurred.

The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with finite lives are amortised over the useful life and tested for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at each financial year-end. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for prospectively by changing the amortisation period or method, as appropriate, which is a change in accounting estimate. The amortisation expense on intangible assets with finite lives is recognised in profit or loss in the expense category consistent with the function of the intangible asset.

Intangible assets with indefinite useful lives are tested for impairment annually either individually or at the cash-generating unit (group of cash-generating units) level. Such intangibles are not amortised. The useful life of an intangible asset with an indefinite life is reviewed each reporting period to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is accounted for as a change in an accounting estimate and is thus accounted for on a prospective basis.

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)

Customer Lists and Relationships

Amortisation method used:

Amortised over the period of expected future benefit from the acquired customer list on a straight line basis generally from four to ten years.

Internally generated or acquired: Acquired.

Impairment testing:

Reviewed annually for impairment indicators and when an impairment indicator has been identified an impairment test is completed. The amortisation method is reviewed at each balance date.

Agency Agreements

Amortisation method used:

Amortised over the period of expected future benefit from the acquired agencies on a straight line basis generally from ten to twenty years.

Internally generated or acquired: Acquired.

Impairment testing:

Reviewed annually for impairment indicators and when an impairment indicator has been identified an impairment test is completed. The amortisation method is reviewed at each balance date.

Brand Names

Amortisation method used:

The Brand Names are considered to have indefinite useful lives as the Group has rights to these names in perpetuity.

Internally generated or acquired: Acquired.

Impairment testing: Tested annually for impairment.

(iii) Software

The Group uses both internal and external resources to develop software. An intangible asset arising from expenditure on an internal project is recognised only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the development and the ability to measure reliably the expenditure attributable to the intangible asset during its development. Following the initial recognition of the expenditure, the cost model is applied requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. Any expenditure so capitalised is amortised over the period of expected benefit from the related project.

The carrying value of an intangible asset arising from development expenditure is tested for impairment annually when the asset is not yet available for use, or more frequently when an indication of impairment arises during the reporting period.

A summary of the policies applied to the Group’s software assets is as follows:

Amortisation method used:

Amortised over the period of expected future benefit from the related project on a straight line basis generally from three to ten years.

Internally generated or acquired: Both.

Impairment testing:

Reviewed annually for impairment indicators and when an impairment indicator has been identified an impairment test is completed. The amortisation method is reviewed at each balance date.

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognised in the income statement when the asset is de-recognised.

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)

(a) Reconciliation of Carrying Amounts at the Beginning and End of the Year

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Customer
Agency Lists / *** Brand
Agreements Rel’ships Software Goodwill Names Total
Year Ended 31 March 2021 $000 $000 $000 $000 $000 $000
At 1 April 2020, Net of Accumulated
Amortisation 2,256 2,322 53,542 226,566 - 284,686
Adjustment for Movement in
Exchange Rate (263) (124) (1,395) (17,940) - (19,722)
Additions - - 18,030 - - 18,030
Amortisation (436) (2,148) (16,667) - - (19,251)
Disposals - - - - - -
Impairment - - - - - -
Transfer Between Asset Classifications - - - - - -
AT 31 MARCH 2021, NET OF
ACCUMULATED AMORTISATION 1,557 50 53,510 208,626 - 263,743
Cost (Gross Carrying Amount) 6,945 27,473 150,669 227,810 - 412,897
Accumulated Amortisation and
Impairment (5,388) (27,423) (97,159) (19,184) - (149,154)
NET CARRYING AMOUNT 1,557 50 53,510 208,626 - 263,743
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Customer
Agency Lists / *** Brand
Agreements Rel’ships Software Goodwill Names Total
Year Ended 31 March 2020 $000 $000 $000 $000 $000 $000
At 1 April 2019, Net of Accumulated
Amortisation 2,444 4,137 51,052 208,522 3,807 269,962
Adjustment for Movement in
Exchange Rate 253 305 1,344 18,044 142 20,088
Additions - - 16,728 - - 16,728
Amortisation (441) (2,120) (15,530) - - (18,091)
Disposals - - (52) - - (52)
Impairment - - - - (3,949) (3,949)
Transfer Between Asset Classifications - - - - - -
AT 31 MARCH 2020, NET OF
ACCUMULATED AMORTISATION 2,256 2,322 53,542 226,566 - 284,686
Cost (Gross Carrying Amount) 7,810 30,493 145,404 245,675 12,672 442,054
Accumulated Amortisation
and Impairment (5,554) (28,171) (91,862) (19,109) (12,672) (157,368)
NET CARRYING AMOUNT 2,256 2,322 53,542 226,566 - 284,686
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*** Software included work in progress with a book value at 31 March 2021 of nil (2020 nil). $3,761,000 of the total software net carrying amount was internally generated, primarily team member costs for the development of new software systems (2020 $4,760,000).

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)

(b) Impairment Tests for Goodwill and Brand Names

(i) Description of the cash generating units and other relevant information

Goodwill acquired through business combinations have been allocated to seven groups of cash generating units (CGU's) for impairment testing as follows:

New Zealand Domestic

The recoverable amount has been determined based on a value in use calculation using cash flow projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections is 9.4% (2020 11.8%). The long-term growth rate used was 2.00% (2020 2.26%).

New Zealand Air & Ocean

Australian Domestic

The recoverable amount has been determined based on a value in use calculation using cash flow projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections is 9.7% (2020 11.8%). The long-term growth rate used was 2.00% (2020 2.61%).

Australian Air & Ocean

The recoverable amount has been determined based on a value in use calculation using cash flow projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections is 9.7% (2020 11.8%). The long-term growth rate used was 2.00% (2020 2.61%).

Americas

The recoverable amount has been determined based on a value in use calculation using cash flow projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections is 8.3% (2020 10.6%). The long-term growth rate used was 2.00% (2020 2.06%).

Asia

The recoverable amount has been determined based on a value in use calculation using cash flow projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections is 12.1% (2020 13.2%). The long-term growth rate used was 2.00% (2020 3.30%).

Europe

The recoverable amount has been determined based on a value in use calculation using cash flow projections based on financial forecasts approved by senior management covering a four year period. The pre-tax discount rate applied to cash flow projections is 7.16% (2020 12.5%). The long-term growth rate used was 2.00% (2020 1.73%).

(ii) Carrying amount of goodwill and brand names allocated to each group of cash generating units

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2021 2020
$000 $000
New Zealand Domestic 12,215 12,215
New Zealand Air & Ocean 8,549 8,549
Australian Domestic 5,497 5,232
Australian Air & Ocean 16,816 15,895
Americas 65,783 76,412
Asia 10,092 10,092
Europe 89,674 98,172
208,626 226,567
----- End of picture text -----

(iii) Key assumptions used in value in use calculations for cash generating units (CGU's)

The calculation of value in use for all CGU's is most sensitive to the following assumptions; EBITDA (adjusted), discount rates and growth rates used.

EBITDA (adjusted) is based on the average achieved in the last twelve months allowing for expected efficiency, sales and utilisation gains.

Discount rates reflect management's estimate of the time value of money and the risks specific to each unit.

For the purposes of impairment testing a terminal growth rate has been used for all segments based on the long-term industry and country averages.

15 NON-CURRENT ASSETS – INTANGIBLE ASSETS AND GOODWILL (CONTINUED)

(iv) Sensitivity to changes in assumptions

With regard to the assessment of the value in use for all CGU's, management believes that no reasonably possible change in any of the above key assumptions would cause the carrying values of the units to materially exceed its recoverable amount.

16 EMPLOYEE ENTITLEMENTS

(i) Wages, Salaries, and Annual Leave

Liabilities for wages and salaries, including non-monetary benefits and annual leave expected to be settled within 12 months of the reporting date are recognised in respect of employees' services up to the reporting date. They are measured at the amounts expected to be paid when the liabilities are settled. Liabilities for non-accumulating sick leave are recognised when the leave is taken and are measured at the rates paid or payable.

(ii) Long Service Leave

The liability for long service leave is recognised and measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures, and periods of service. Expected future payments are discounted using market yields at the reporting date on national government bonds with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows.

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2021 2020
$000 $000
CURRENT
Long Service Leave 11,461 9,303
Annual Leave 36,941 32,430
Bonus Accrual 43,595 27,832
91,997 69,565
NON-CURRENT
Long Service Leave 1,241 1,042
Defined Benefit Pension Scheme 789 631
Other 892 1,214
2,922 2,887
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17 PROVISIONS

Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When the the Group expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the income statement net of any reimbursement.

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the balance sheet date. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects the time value of money and the risks specific to the liability. The increase in the provision resulting from the passage of time is recognised in finance costs.

There were no significant provisions in the 2021 year (2020 nil).

18 TRADE CREDITORS AND ACCRUALS

Trade payables and other payables are carried at amortised cost. They represent liabilities for goods and services provided to the Group prior to the end of the balance date that are unpaid and arise when the Group becomes obliged to make future payments in respect of the purchase of these goods and services.

The amounts are unsecured and are usually paid within 30 days of recognition. Due to their short term nature they are not discounted.

	2021 $000	2020 $000
CURRENT LIABILITIES
Trade Creditors & Accruals	412,826	339,562

100

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

19 INTEREST-BEARING LOANS AND BORROWINGS

All loans and borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the effective interest method. Fees paid on the establishment of loan facilities that are yield related are included as part of the carrying amount of the loans and borrowings. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date.

Borrowing Costs

Borrowing costs are recognised as an expense when incurred unless funding costs have been incurred which are directly attributable to the acquisition, construction, or production of a qualifying asset in which case funding costs are included within the cost of the asset. Capitalisation of borrowing costs cease when substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are complete. Borrowing costs of $203,707 were capitalised in 2021 (2020 $259,087). The capitalisation rate was 1.36% (2020 1.75%).

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2021 2020
The loans are identified as follows: $000 $000
Bank Term Loans 210,000 267,698
Asset Finance Loans 31,766 5,814
Bank - 6
241,766 273,518
2021 2020
Presented in the balance sheet as: $000 $000
Current Asset Finance Loans 9,198 2,732
Current Bank - 6
Non-current Asset Finance Loans 22,568 3,082
Non-current Bank Loan 210,000 267,698
241,766 273,518
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A long-term revolving facility of NZ$85,000,000 with the Westpac Banking Corporation (Westpac) was established on 6 June 2014 expiring on 4 April 2022.

A long-term revolving facility of NZ$30,000,000 plus EU€35,000,000 with the Commonwealth Bank of Australia (CBA) was established on 6 June 2014 expiring on 4 April 2024.

A long-term revolving facility of NZ$74,200,000 plus EU€30,000,000 with the Hongkong and Shanghai Banking Corporation (HSBC) was established on 5 June 2014 expiring on 4 April 2024.

A long-term revolving facility of NZ$62,000,000 plus EU€10,000,000 with the MUFG Bank (MUFG) was established on 5 June 2014 expiring on 4 April 2024.

A long-term revolving facility of EU€30,000,000 with ING Belgium NV/SA (ING) was established on 15 August 2017 expiring on 4 April 2024.

A long-term revolving facility of NZ$50,000,000 with the Bank of China (BOC) was established on 25 July 2019 expiring on 4 April 2024. All facilities operate under a negative pledge and cross company guarantees.

The facilities allow the borrowing Group to offset deposits against borrowings when calculating indebtedness for covenant compliance.

These loan facilities are at a floating interest rate. Banking covenants remain unchanged. Debt approximates fair value due to floating nature of current drawdowns.

Interest was payable during the year at the average rate of 1.51% per annum (2020 1.85%).

The Asset Finance Loans relate to the financing of vehicles and are typically repayable in equal instalments over five to seven years. Asset Finance Loans, which transfer to the Group substantially all the risks and benefits incidental to ownership of the leased item, are capitalised at the inception of the lease at the fair value of the leased asset or, if lower, at the present value of the minimum lease payments. Lease payments are apportioned between the finance charges and reduction of the liability so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are recognised as an expense in profit or loss.

A reclassification of $30,057,000 from NZ IFRS 16 Lease Liabilities (note 20) to Asset Finance Loans was made effective 1 April 2020.

An additional $7,382,000 relating to a balloon payment for the leased vehicles has been added to the relevant balances effective 1 April 2020. Although these changes affected the prior year balances, the Directors concluded that the effect of these changes were not material to the prior year comparatives as set out in the 31 March 2021 financial statements and the adjustments were only made effective 1 April 2020.

101

20 LEASES

The determination of whether an arrangement is or contains a lease is based on the substance of the arrangement and requires an assessment of whether the fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement conveys a right to use the asset.

NZ IFRS 16 Leases

The Group has adopted NZ IFRS 16 Leases from its 2020 financial year.

NZ IFRS 16 Leases fundamentally changes the way in which lessees account for leases. The Group has implemented this standard from 1 April 2019. Under the standard, a lessee is in essence required to:

(i) recognise a right of use assets and a lease liability for each lease on the balance sheet.

The liability is initially measured at the present value of future minimum lease payments for the lease term. The right of use asset reflects the lease liability, initial direct costs, any lease payments made before the commencement date of the lease less any lease incentives.

(ii) recognise depreciation of right of use assets and interest on lease liabilities in the income statement over the lease term. The lease term includes the period covered by optional rights to extend lease periods where the exercise of that option is reasonably certain.
(iii) separate the total amount of cash paid into a principal portion (presented within financing activities) and interest portion (which the Group presents in operating activities) in the cash flow statement.

Leases comprise:

Land and buildings with arm’s length third parties on normal commercial terms. The properties are used in all three activity types.

• Vehicles and equipment with arm’s length third parties on normal commercial terms. The equipment is used in all three activity types. Property leases are often negotiated with rights of renewal in order that we have flexibility in location and size of premises to cater for future growth; whilst ensuring certainty of future tenure. As we approach rights of extension time frames we review the likelihood of renewing the lease to ascertain should the future renewal be included in the NZ IFRS 16 calculation going forward.

At balance date the Group had the following NZ IFRS 16 Lease Right of Use Assets and Lease Liabilities for those Right of Use Assets:

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Right of Use Right of Use Lease Lease
Lease Assets Lease Assets Liabilities Liabilities
NZ IFRS 16 NZ IFRS 16 NZ IFRS 16 NZ IFRS 16
2021 2020 2021 2020
Year Ended 31 March 2020 $000 $000 $000 $000
Opening Book Value 615,250 575,898 (626,862) (575,898)
Transfer Between Asset / Liability Classifications (see below) (29,823) - 30,057 -
Additions 121,069 128,977 (121,389) (128,933)
Disposals (4,940) (2,513) 5,261 2,468
Depreciation Charge for the Year (113,938) (111,877) - -
Lease Payments Net of Notional Finance Charge - - 107,125 100,644
Foreign Exchange Impact (19,662) 24,765 20,374 (25,143)
CLOSING BOOK VALUE 567,956 615,250 (585,434) (626,862)
Cost 785,063 730,131 (791,267) (730,132)
Accumulated Depreciation (217,107) (114,881) 205,833 103,270
NET CARRYING AMOUNT / NET REPAYMENTS 567,956 615,250 (585,434) (626,862)
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A reclassification of $29,823,000 from NZ IFRS 16 Right of Use Lease assets to leased vehicles was made effective 1 April 2020 - see note 14.

A reclassification of $30,057,000 from NZ IFRS 16 Lease Liabilities to Asset Finance Loans (note 19) was made effective 1 April 2020 - see below.

A reclassification of approximately thirty million dollars from right of use asset and lease liabilities to property, plant and equipment and Asset Finance Loans was made effective 1 April 2020 to more appropriately reflect the substance of the underlying transactions where control of certain vehicle assets had not passed to the buyer-lessor. The assets are recognised as property, plant and equipment (see note 14) and depreciated over their useful lives. A separate financing liability "Asset Finance Loans" (previously described as “Finance Leases”) is recognised at the fair value of the consideration received and subsequently measured at amortised cost as set out in note 19.

102

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

20 LEASES (CONTINUED)

NZ IFRS 16 Leases (continued)

	Property $000 Other $000 Right of Use Lease Assets 2021 $000
Opening Book Value	541,806 73,444 615,250
Closing Book Value	525,846 42,110 567,956
Depreciation Charge for the Year	94,326 19,612 113,938

			Right of Use
			Lease Assets
	Property	Other	2020
	$000	$000	$000
Opening Book Value	517,110	58,788	575,898
Closing Book Value	541,806	73,444	615,250
Depreciation Charge for the Year	86,581	25,296	111,877

		2021	2020
LEASE LIABILITIES CLASSIFIED IN THE BALANCE SHEET AS:		$000	$000
Current		118,158	124,128
Non-current		467,276	502,734
		585,434	626,862

21 CONTRIBUTED EQUITY

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds.

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2021 2020 2021 2020
Shares Shares $000 $000
Authorised, Issued and Fully Paid Up Capital
100,698,548 ordinary shares (2020 100,698,548) 100,698,548 100,698,548 85,821 85,821
Ordinary shares do not have a par value.
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All ordinary shares have equal voting rights and share equally in dividends and any surplus on winding up to the extent that they are paid up.

Capital Management

When managing capital, the Board of Directors' (the "Board") objective is to ensure the entity continues as a going concern as well as to maintain optimal returns to shareholders and benefits for other stakeholders. The Board also aims to maintain a capital structure that ensures the lowest cost of capital available to the entity. The capital structure of the Group consists of Shareholders' Equity and debt.

The Board is periodically reviewing and adjusting the capital structure to take advantage of favourable costs of capital. As the market is constantly changing, the Board may change the amount of dividends to be paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.

The Board has no current plans to issue further shares on the market.

The Board monitors capital through the Group gearing ratio (net debt / net debt and equity).

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2021 2020
$000 $000
Total Borrowings (excluding NZ IFRS 16 lease liabilities) 241,766 273,518
Less Cash and Cash Equivalents (139,555) (116,140)
Net Debt 102,211 157,378
Total Equity 1,115,046 966,339
NET DEBT AND EQUITY 1,217,257 1,123,717
Gearing Ratio 8.4% 14.0%
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103

22 RECONCILIATION OF CASH FLOWS WITH REPORTED NET SURPLUS

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2021 2020
$000 $000
Net Surplus After Taxation 188,110 159,201
Non-cash Items:
Depreciation and Amortisation 182,398 169,729
(Increase) / Decrease in Deferred Tax Asset (3,423) (8,804)
Increase / (Decrease) in Deferred Tax Liability (83) (12,722)
367,002 307,404
Add / (Less) Movements in Other Working Capital
Items, Net of Effect of Acquisitions:
(Increase) / Decrease in Accounts Receivable (68,407) (31,461)
(Increase) / Decrease in Other Receivables (16,402) (17,825)
Increase / (Decrease) in Accounts Payable 95,873 36,295
Increase / (Decrease) in Interest Payable (5) 11
(Increase) / Decrease in Interest Receivable 1 (4)
Increase / (Decrease) in Taxation Payable 8,413 (2,398)
Increase / (Decrease) in Net GST 305 (193)
Adjustment for Movement in Exchange Rate (9,897) 9,827
Less Items Classified as Investing Activity:
Net (Surplus) / Deficit on Sale of Fixed Assets (601) (856)
NET CASH INFLOW FROM OPERATING ACTIVITIES 376,282 300,800
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Changes in Liabilities arising from financing activities

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Asset
Finance
Loans NZ IFRS 16
Bank Term Bank Current & Current &
Loan Current Non-current Non-current Total
Year Ended 31 March 2021 $000 $000 $000 $000 $000
At 1 April 2020, Opening Book Value 267,698 6 5,814 626,862 900,380
Adjustment to opening balance [###] - - 7,382 - 7,382
Liability Reclassifications [ ] - - 30,057 (30,057) -
New Borrowings 60,000 - 2,054 - 62,054
Repayments (108,063) (6) (10,010) - (118,079)
New Leases - - - 121,389 121,389
Lease Disposals - - - (5,261) (5,261)
Payments Net of Notional Interest Charge - - - (107,125) (107,125)
Foreign Exchange Impact (9,635) - (3,531) (20,374) (33,540)
AT 31 MARCH 2021, CLOSING BOOK VALUE 210,000 - 31,766 585,434 827,200
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See notes 14 and 19.

*** See note 20.

104

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

22 RECONCILIATION OF CASH FLOWS WITH REPORTED NET SURPLUS (CONTINUED)

Changes in Liabilities arising from financing activities (continued)

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Asset
Finance
Loans NZ IFRS 16
Bank Term Bank Current & Current &
Loan Current Non-Current Non-current Total
Year Ended 31 March 2020 $000 $000 $000 $000 $000
At 1 April 2019, Opening Book Value 238,653 4 7,004 - 245,661
NZ IFRS 16 Lease Introduction - - - 575,898 575,898
New Borrowings 40,554 - - - 40,554
Repayments (30,378) - (2,043) - (32,421)
New Leases - - - 128,933 128,933
Lease Disposals - - - (2,468) (2,468)
Payments Net of Notional Interest Charge - - - (100,644) (100,644)
Foreign Exchange Impact 18,869 2 853 25,143 44,867
AT 31 MARCH 2020, CLOSING BOOK VALUE 267,698 6 5,814 626,862 900,380
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23 RELATED PARTIES

Besides transactions disclosed elsewhere (see note 24) in these financial statements, the Group did not transact with any other related parties during the period (2020 nil).

24 KEY MANAGEMENT PERSONNEL

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2021 2020
$000 $000
COMPENSATION OF KEY MANAGEMENT PERSONNEL
Short-term Employee Benefits 9,555 10,089
9,555 10,089
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25 ABNORMAL ITEMS

Abnormal items are determined in accordance with the principles of consistency, relevance and clarity. Transactions considered for classification as abnormal items include acquisition and disposal costs; impairment or reversal of impairment of assets; business integration; and transactions or events outside of the Group’s ongoing operations that have a significant impact on reported profit. During the year the Group had no abnormal expenses (2020 $4,783,000). The related after tax expense was nil (2020 $3,474,000). In the year the Group had no abnormal gains (2020 nil). The related after tax gain was nil (2020 $14,700,000). These items comprised of:

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2021 2020
Pre-Tax Tax After Tax Pre-Tax Tax After Tax
$000 $000 $000 $000 $000 $000
Brand Name Impairment - - - (3,948) 987 (2,961)
Redundancies - - - (835) 322 (513)
Building Depreciation Taxation - - - - 14,700 14,700
- - - (4,783) 16,009 11,226
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105

26 CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES

The Group had the following capital commitments at 31 March 2021 totalling $50,950,596 (2020 $62,622,996).

- Auckland Hobsonville Freight Facility	32,943,762
- Kaitaia Freight Facility Extension	3,505,994
- Whangarei Freight Facility Extension	476,482
- Mount Maunganui Freight Facility	440,470
- Auckland Westney Rd Airfreight Facility	370,055
- New Zealand Sundry Other Building Improvements	446,945
- Melbourne Warehouse Automation	3,058,931
- Sydney Warehouse Coolroom	612,710
- Brisbane Warehouse Racking	341,973
- Australian Transport Equipment	435,635
- Europe Building Improvements	227,267
- Europe Equipment	8,090,372

There are additional bank performance guarantees and bonds totalling $19,729,000 (2020 $21,074,000) undertaken by the Group.

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2021 2020
$000 $000
GUARANTEES COMPRISE:
Rental Guarantee - 709
Custom Guarantees 12,040 11,632
12,040 12,341
PERFORMANCE BONDS COMPRISE:
NZX (New Zealand Stock Exchange) 75 75
European IATA Bond 314 288
European Other Guarantees 6,332 7,609
European Government Licensing Guarantees 968 761
7,689 8,733
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The Group is party to sub-lease / tenancy agreements where third parties lease excess office / industrial space from the Group. In the event of default by third parties the Group would be exposed to these liabilities.

As a result of the IRD's programme of routine and regular tax audits, the Group anticipates that IRD audits may occur in the future. The Group is similarly subject to routine tax audits in certain overseas jurisdictions. The ultimate outcome of any future tax audits cannot be determined with an acceptable degree of reliability at this time. Nevertheless, the Group believes that it is making adequate provision for its taxation liabilities. However, there may be an impact to the Group if any revenue authority investigations result in an adjustment that increases the Group's taxation liabilities.

The Group can also be subject to legal claims as a result of conducting business. The ultimate outcome of any future legal claims cannot be determined with an acceptable degree of reliability at this time. Nevertheless, the Group believes that it is making adequate provision for its legal liabilities. However, there may be an impact to the Group if any legal cases result in an adjustment that increases the Group's legal liabilities.

106

FINANCIAL STATEMENTSSECTION Title Notes to the Financial Statements

27 SUBSEQUENT EVENTS

A dividend of 45.0 cents per share was declared on 25 May 2021 totalling $45,314,347. Payment date is to be 16 July 2021.

28 COVID-19

COVID-19 has had a global widespread and significant general economic impact. Whilst it has some impact in Mainfreight's 2021 financial year, the impact was not material or significant.

As Mainfreight has been deemed an essential service in all countries we operate in, all branches have been able to remain open to ensure freight moved.

The Directors considered whether there was any impact on going concern or impairment of assets. The Group has a strong balance sheet and forecast cash needs can still be easily met within cash held and existing debt facilities. There has been no significant impact on asset values.

Goodwill balances have significant headroom even after applying rigorous stress testing. There has been some movement in bad debts but this has not been significant.

107

FINANCIAL STATEMENTS Auditor’s Report

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Independent auditor’s report to the Shareholders of Mainfreight Limited Report on the audit of the financial statements

Opinion

We have audited the financial statements of Mainfreight Limited (“the Company”) and its subsidiaries (together “the Group”) on pages 75 to 106, which comprise the consolidated balance sheet of the Group as at 31 March 2021, and the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated cash flow statement for the year then ended of the Group, and the notes to the consolidated financial statements including a summary of significant accounting policies.

In our opinion, the consolidated financial statements on pages 75 to 106 present fairly, in all material respects, the consolidated financial position of the Group as at 31 March 2021 and its consolidated financial performance and cash flows for the year then ended in accordance with New Zealand equivalents to International Financial Reporting Standards and International Financial Reporting Standards.

This report is made solely to the Company's shareholders, as a body. Our audit has been undertaken so that we might state to the Company's shareholders those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's shareholders, as a body, for our audit work, for this report, or for the opinions we have formed.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (New Zealand). Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the Group in accordance with Professional and Ethical Standard 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) issued by the New Zealand Auditing and Assurance Standards Board, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Ernst & Young has provided taxation compliance, taxation advisory services and advice on employment law to the Group. We have also provided financial statement compilation services to certain entities in the Asia region. We have no other relationship with, or interest in, the Group. Partners and employees of our firm may deal with the Group on normal terms within the ordinary course of trading activities of the business of the Group.

Key audit matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current year. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, but we do not provide a separate opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context.

We have fulfilled the responsibilities described in the Auditor’s responsibilities for the audit of the financial statements section of the audit report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to respond to our assessment of the risks of material misstatement of the financial statements. The results of our audit procedures, including the procedures performed to address the matters below, provide the basis for our audit opinion on the accompanying consolidated financial statements.

108

FINANCIAL STATEMENTSSECTION Title Auditor’s Report

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Recognition of international sea export freight revenue

Why significant

As disclosed in Note 5 Segmental Reporting , the Group recognised revenue totalling $3.54 billion for the period.

Under NZ IFRS 15: Revenue from Contracts with Customers (“NZ IFRS 15”), an entity must recognise revenue with respect to the performance obligations it has identified within its contracts with customers.

Mainfreight has determined it meets performance obligations in its customer contracts over time in respect of freight revenues. There is judgement involved in assessing the stage of completion and therefore the amount of revenue recognised. This is specifically relevant to the international sea export freight forwarding businesses for which delivery times are longer than for other revenue streams and the transactions are therefore more likely to span year end.

Revenue recognition from international sea export freight is a key audit matter as, collectively, material revenue transactions can occur close to year end and there is a risk that revenue is recognised in the incorrect period.

How our audit addressed the key audit matter

In obtaining sufficient audit evidence in respect of revenue recognised for international sea export freight:

We evaluated the Group policies and practices regarding the timing and nature of services provided.
We tested a sample of revenue transactions recorded near year end in accordance with NZ IFRS 15 to assess whether they were recorded in the correct period. This included considering shipping documentation or other documentation indicating the timing of shipment.
At certain locations we completed analytical procedures considering patterns of reported revenues and margins before and after year end.
We analysed credit notes issued after year end to assess whether these could significantly impact revenue recognised within the 2021 financial year.
We performed journal entry testing procedures with a focus on manual credit journal entries recognised within revenue near year end.
We also considered the adequacy of the disclosures in the consolidated financial statements.

Component Oversight

Why significant How our audit addressed the key audit matter

Mainfreight is a global business with approximately 76% of the Group’s revenue being generated in countries other than New Zealand.

A significant area of focus when conducting the audit was assessing that sufficient audit evidence was obtained by each component audit team to enable us to reach our opinion on the consolidated financial statements as a whole. This was both with respect to the determination and allocation of materiality as well as the determination of the nature and extent of procedures to be performed by each component audit team.

As Group auditor, EY New Zealand considered the nature, size and risks associated with each of the Group’s significant components. As a result of this assessment each component audit team was allocated a scope and materiality reflecting the business profile. The Group audit team communicated to the component audit teams about the significant risk areas to be considered and the information to be reported back to the Group audit team. The component and Group audit teams then determined the extent and nature of audit procedures to be performed in accordance with International Standard’s on Auditing (New Zealand).

In order to obtain sufficient coverage of Group balances a number of smaller business units were subjected to analytical procedures by the Group audit team.

All component teams were required to provide written confirmation to the Group audit team explaining the work performed, the results of that work as well any significant findings or observations.

The Group held several discussions with Mainfreight management and component teams in all significant non-New Zealand locations (Australia, USA, Europe and Asia). During these discussions, the work performed by each team was assessed, and the key judgements were discussed, as were the findings relevant to the Group audit.

We reported to the Audit Committee;

i) The results of audit procedures and testing performed by both the Group and component teams; and
ii) Any misstatements identified that warrant reporting based on quantitative or qualitative grounds.

109

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Information other than the financial statements and auditor’s report

The Directors of the Company are responsible for the Annual Report, which includes information other than the consolidated financial statements and auditor’s report.

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.

If, based upon the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Directors’ responsibilities for the financial statements

The Directors are responsible, on behalf of the entity, for the preparation and fair presentation of the consolidated financial statements in accordance with New Zealand equivalents to International Financial Reporting Standards and International Financial Reporting Standards, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, the Directors are responsible for assessing on behalf of the entity the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Group or cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing (New Zealand) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

A further description of the auditor’s responsibilities for the audit of the financial statements is located at the External Reporting Board’s website: https://www.xrb.govt.nz/assurance-standards/auditors-responsibilities/audit-report-1/. This description forms part of our auditor’s report.

The engagement partner on the audit resulting in this independent auditor’s report is Lloyd Bunyan.

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Chartered Accountants

Auckland

25 June 2021

110

FINANCIAL STATEMENTSSECTION Title Statutory Information

Statutory Information

DIRECTORS

The following people held office or ceased to hold office as Director during the year and received the following remuneration including benefits during the year:

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Remuneration Remuneration Current Director or Date
Name 2021 2020 Appointed or Resigned
Bruce Plested 1 - - Current
Don Braid 2 $2,593,510 $2,951,572 Current
Simon Cotter 3 $90,000 $120,000 Current
Bryan Mogridge 3 $90,000 $120,000 Current
Kate Parsons 3 $90,000 $120,000 Current
Richard Prebble 3 $90,000 $120,000 Current
Sue Tindal 3 $30,000 $120,000 Resigned 2 June 2020
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Elected not to receive director fees since 2014.
The remuneration comprised:

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2021 2020
Base Salary [ ##] 1,800,000 2,200,000
Discretionary Performance Bonus *** 726,163 673,572
Vehicle and Other Non-cash 67,347 78,000
$2,593,510 $2,951,572
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Base salary paid at 50% of normal rate from 1 April 2020 to 30 September 2020 with uncertainty of COVID-19 impact on the business.

***The discretionary performance bonus relates to the previous financial year based on that year's revenue and profit growth as well as other quality KPI's. A maximum of 33.3% of base salary is payable. There were no share based payments.

Director fees paid at 50% of normal rate from 1 April 2020 to 30 September 2020 with uncertainty of COVID-19 impact on the business. No fees are payable in connection with committee roles.

DIRECTORS’ SHAREHOLDINGS AT BALANCE DATE

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2021 2020
BG Plested
- shares held with beneficial interest 15,933,062 15,833,062
- held by associated persons 1,306,760 1,317,610
DR Braid
- shares held with beneficial interest 2,842,890 2,842,890
- held by associated persons 54,480 55,026
SR Cotter
- shares held with beneficial interest 80,000 75,000
- held by associated persons 7,570 7,570
BW Mogridge
- shares held with beneficial interest 200,000 200,000
CL Parsons
- shares held with beneficial interest 1,000 1,000
RW Prebble
- shares held with beneficial interest 88,274 88,274
TOTAL DIRECTORS 20,514,036 20,420,432
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Directors' shareholdings at balance date were 20.37% of total shares issued.

111

EMPLOYEES’ REMUNERATION

The Mainfreight Group paid remuneration including benefits during the year in excess of $100,000 in the following bands (excluding Directors):

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New Zealand Overseas New Zealand Overseas
Based Based Based Based
Number of Number of Number of Number of
Remuneration Employees Employees Remuneration Employees Employees
$100,000 - $110,000 62 254 $370,000 - $380,000 1
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$110,000 -$120,000 42 199 $120,000 -$130,000 35 126 $130,000 -$140,000 21 97 $140,000 -$150,000 17 73 $150,000 -$160,000 6 61 $160,000 -$170,000 11 35 $170,000 -$180,000 9 31 $180,000 -$190,000 7 28 $190,000 -$200,000 2 25 $200,000 -$210,000 4 19 $210,000 -$220,000 7 24 $220,000 -$230,000 3 7 $230,000 -$240,000 2 9 $240,000 -$250,000 1 11 $250,000 -$260,000 3 7 $260,000 -$270,000 1 7 $270,000 -$280,000 7 $280,000 -$290,000 1 4 $290,000 -$300,000 4 $300,000 -$310,000 1 2 $310,000 -$320,000 1 2 $320,000 -$330,000 3 $330,000 -$340,000 2 3 $340,000 -$350,000 2 $350,000 -$360,000 3 $360,000 -$370,000 3 2	$380,000 -$390,000 2 1
	$400,000 -$410,000 1
	$410,000 -$420,000 1
	$420,000 -$430,000 1 4
	$440,000 -$450,000 1
	$460,000 -$470,000 1
	$470,000 -$480,000 1
	$480,000 -$490,000 3
	$490,000 -$500,000 1
	$500,000 -$510,000 1
	$520,000 -$530,000 1
	$530,000 -$540,000 2
	$550,000 -$560,000 3
	$570,000 -$580,000 1
	$640,000 -$650,000 1
	$650,000 -$660,000 1
	$680,000 -$690,000 2
	$720,000 -$730,000 1
	$740,000 -$750,000 1
	$770,000 -$780,000 1
	$810,000 -$820,000 1
	$970,000 -$980,000 1
	$990,000 -$1,000,000 1
	TOTAL NUMBER OF EMPLOYEES 252 1,070
	LAST YEAR COMPARISONS 219 952

Overseas based remuneration is converted to New Zealand dollars.

DONATIONS AND AUDITORS’ FEES

Donations and auditors’ fees are set out in note 6 of the Financial Statements.

SUBSTANTIAL PRODUCT HOLDERS

The following information is given pursuant to Section 293 of the Financial Markets Conduct Act 2013.

The following are recorded by the Company as at 31 March 2021 as Substantial Product Holders in the Company, and have declared the following relevant interest in quoted financial products under the Financial Markets Product Act 2013:

B Plested, C Howard-Smith & D Braid as trustees of Rorohara No.2 Trust	16,217,562
Harbour Asset Management Limited	5,605,185
Fisher Funds Management Ltd	5,091,244

The total number of quoted financial products issued by the Company as at 31 March 2021 was 100,698,548.

112

FINANCIAL STATEMENTSSECTION Title Statutory Information

LARGEST PRODUCT HOLDERS AS AT 3 MAY 2021

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Total Number
Held %
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	Total Number Held	%
B Plested, C Howard-Smith & D Braid as trustees of Rorohara No.2 Trust	15,817,766	15.71%
TEA Custodians Ltd	6,639,829	6.59%
Citibank Nominees (New Zealand) Ltd	5,678,681	5.64%
HSBC Nominees (New Zealand) Ltd - NZCSD	4,409,339	4.38%
Australian Foundation Investment Company Ltd	3,267,786	3.25%
Custodial Services Ltd A/c 3	3,131,838	3.11%
FNZ Custodians Ltd	2,893,484	2.87%
DR & MD Braid	2,842,890	2.82%
HSBC Nominees (New Zealand) Ltd A/c State Street	2,811,248	2.79%
Custodial Services Ltd A/c 4	2,765,696	2.75%
Forsyth Barr Custodians Ltd	2,592,345	2.57%
National Nominees NZ Ltd	2,533,681	2.52%
Accident Compensation Corporation	2,353,485	2.34%
JB Were (NZ) Nominees Ltd	2,275,335	2.26%
BNP Paribas Nominees (NZ) Ltd	1,774,439	1.76%
JP Morgan Chase Bank	1,703,288	1.69%
Hobson Wealth Custodians Ltd	1,687,368	1.68%
HSBC Nominees A/C NZ Superannuation Fund Nominees Ltd - NZCSD	1,553,783	1.54%
BNP Paribas Nominees (NZ) Ltd - COGN 40	1,550,530	1.54%
ANZ Wholesale Australasian Share Fund	1,343,062	1.33%

SPREAD OF PRODUCT HOLDERS AS AT 3 MAY 2021

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Number Total Number
Size of Shareholding of Holders % Held %
1 - 999 6,445 62.90% 2,067,164 2.05%
1,000 - 4,999 3,040 29.67% 5,980,030 5.94%
5,000 - 9,999 414 4.04% 2,702,857 2.68%
10,000 - 49,999 259 2.54% 4,482,258 4.46%
50,000 - 99,999 29 0.28% 2,012,337 2.00%
100,000 - 999,999 36 0.35% 10,327,403 10.25%
1,000,000 - PLUS 23 0.22% 73,126,499 72.62%
TOTAL 10,246 100.00% 100,698,548 100.00%
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Interests Register

THE FOLLOWING ENTRIES WERE MADE IN THE INTERESTS REGISTER DURING THE YEAR.

Name of Director or other Person having Interest	Details of Interest	Date Interest Disclosed
Simon Cotter	Purchased 5,000 shares from C Howard-Smith trust for $40.00 per share on	15 June 2020
	11th June 2020
Bruce Plested	Purchased 100,000 shares on market for an average price of $62.38 per share	21 December 2020
	between 15th and 18th December 2020

113

FINANCIAL STATEMENTS Five Year Review

Five Year Review

THE TABLE BELOW PROVIDES A SUMMARY OF KEY PERFORMANCE AND FINANCIAL STATISTICS.

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GAAP GAAP Non-GAAP
2021 2020 2020 2019 2018 2017
Notes $000 $000 $000 $000 $000 $000
NET SALES 3,543,531 3,094,736 3,094,736 2,953,414 2,616,189 2,333,088
NET PROFIT FOR THE YEAR (NPAT) 1 188,110 159,201 167,330 137,624 107,678 101,523
Net Profit Before Abnormal Items
for the Year 2 188,110 147,975 156,104 141,084 112,004 103,164
Profit Before Abnormal Items and
Taxation 3 262,407 206,253 217,486 197,074 160,270 146,770
EBITDA (adjusted) 4 466,507 398,671 281,006 257,049 215,114 197,542
EBITA 5 284,109 228,942 223,154 203,942 167,326 154,050
Abnormal Items After Taxation 6 - (11,226) (11,226) 3,460 4,326 1,641
Net Interest Cost 21,702 22,689 5,668 6,868 7,056 7,225
PRO-FORMA CASH FLOW 7 370,508 317,704 213,956 194,191 159,792 146,711
Net Tangible Assets 8 832,842 666,615 677,816 562,119 426,657 371,580
Net Debt 9 102,211 157,378 157,378 130,477 196,852 212,938
TOTAL ASSETS 2,486,906 2,304,594 1,686,554 1,502,889 1,376,703 1,284,765
TOTAL LIABILITIES 1,371,860 1,338,255 711,804 664,574 667,145 639,163
EBIT Margin (Before Abnormals) (%) 8.0 7.4 7.2 6.9 6.4 6.6
Equity Ratio (%) 10 33.5 28.9 40.2 37.4 31.0 28.9
Assets to Liabilities Ratio (%) 181.3 172.2 236.9 226.1 206.4 201.0
Return on NTA (%) 11 22.6 23.9 24.7 24.5 25.2 27.3
Net Interest Cover (x) 12 13.09 10.09 39.37 29.69 23.71 21.32
Dividends covered by Net Profit after
abnormals (x) 2.49 2.68 2.82 2.44 2.38 2.46
Dividends covered by Net Profit before
abnormals (x) 2.49 2.49 2.63 2.50 2.47 2.50
Earnings Per Share (cps) 13 186.81 158.10 166.17 136.67 106.93 101.10
ADJUSTED EARNINGS PER SHARE (cps) 13,14 186.81 146.95 155.02 140.11 111.23 102.74
Pro-forma Cash Flow Per Share (cps) 13 367.94 315.50 212.47 192.84 158.68 146.10
NTA Per Share (cps) 13 827.06 661.99 673.11 558.22 423.70 370.04
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Notes:

Net Profit (NPAT) is net profit after tax, abnormal Items and minorities but before dividends.
Net Profit Before Abnormal Items for the year is NPAT excluding abnormal items after tax - see note 5 for reconciliation.
Profit Before Abnormal Items and Taxation - see note 5 for reconciliation.
EBITDA (adjusted) is defined as earnings before net interest expense, tax, depreciation, amortisation, abnormal Items and royalties (segments only; not Group) - see note 5 for reconciliation.
EBITA is defined as earnings before net interest expense, tax, abnormal Items and royalties (segments only; not Group) - see note 5 for reconciliation
Abnormal items for the years ended 31 March 2021 and 31 March 2020 - see note 25.
Pro-forma Cash Flow is defined as NPAT before amortisation, depreciation, and abnormal items after tax, share based payments and abnormal items after tax.
Net Tangible Assets does not include Software or Deferred Tax Assets.
Net Debt is long-term plus short-term debt less cash balances.
Equity Ratio is Net Tangible Assets as a percentage of Total Assets.
Return on NTA is NPAT as a percentage of Net Tangible Assets.
Net Interest Cover is Profit before abnormal items, interest and tax divided by net interest cost.
Per Share calculations are based on the average issued capital in each year - 100,698,548 shares in 2021.
Adjusted Earnings per Share figures are based on Net Profit with tax affected abnormal items added back.
Two versions of 2020 figures provided due to introduction NZ IFRS 16 Leases from 1 April 2019.

114

GLOBAL REPORTING INITIATIVESECTION Title Content Index

THIS REPORT HAS BEEN PREPARED IN ACCORDANCE WITH THE GRI STANDARDS: CORE OPTION

Disclosure	Disclosure	Page Number(s)	Explanations / Other References*
Organisational profle
102-1	Name of the organisation	1
102-2	Operations	16-20, 92
102-3	Head offce	117
102-4	Location	28-29, 117
102-5	Legal type of entity	80
102-6	Markets served	14-20, 28-29
102-7	Scale of the organisation	28-31
102-8	Workforce		GRI Disclosure 102-8 Workforce
102-9	Supply chain	Throughout
102-10	Business changes	8-20
102-11	Precautionary principle	58-61, 81-84	Board Charter / Audit Committee Charter
102-12	External initiatives		GLEC, Lean & Green Europe, ISO14064-1:2018
102-13	Memberships		IATA; other memberships apply at regional levels
Strategy
102-14	Chairman / Managing Director statements	8, 14
Ethics and integrity
102-16	Values, principles, standards	2-3
102-17	Ethical behaviour		Code of Ethics, Whistle-Blower Policy
Governance
102-18	Governance	58-72
102-22	Composition of the highest governance body	58-60, 72
102-23	Chair of highest governance body	72
102-25	Conficts of interest	110-113	Board Charter, Code of Ethics
102-26	Role of highest governance body	58-61	Board Charter
102-36	Process for determining remuneration	61	Remuneration Committee Charter, Remuneration Policy
Stakeholder engagement
102-40	Stakeholders	36-56
102-41	Collective agreements		11.7% European national / driver collectives
102-42	Basis of defning & selecting stakeholders	52-53
102-43	Approach to stakeholder management	61
102-44	Stakeholder engagement	NA	Communication with stakeholders through various media and in person raised no key topics of concern

Documents shown in green are available in the Corporate Governance section of the Company’s website: https://www.mainfreight.com/global/en-nz/investor/corporate-governance

115

Disclosure	Disclosure	Page Number(s)	Explanations / Other References*
Reporting practice
102-45	Entities included	92
102-46	Basis of report content	53
102-47	List of material topics	53
102-48	Restatement of information	60	PCP gender statistics contained errors and have been restated
102-49	Changes in reporting	NA
102-50	Report period	80
102-51	Date of most recent previous report		For the year ended 31 March 2020
102-52	Reporting cycle		Annual
102-53	Contact information	117
102-54	GRI compliance	114-115
102-55	GRI context index	114-115
102-56	External assurance		Not assured

Material Topics and Related Indicators
Economic performance
201-1	Direct Economic value generated and distributed	13, 75-79, 87
203-1	Infrastructure investments and services supported	34, 56, 87
205-2	Communication and training about anti- corruptionpolicies andprocedures	61	Guidelines for Anti-Corruption Practices
Environmental
305-1	Greenhouse Gases (GHG) Scope 1 Emissions	54	Note Scope 1 is equivalent to ISO14064-1:2018 Category1
305-2	GHG Scope 2	54	Note Scope 2 is equivalent to ISO14064-1:2018 Category2
305-3	GHG Scope 3	54	Note Scope 3 is equivalent to ISO14064-1:2018 Categories 3-6
305-4	GHG Emissions Intensity	55
Social
404-2	Programs for upgrading employee skills and transition assistanceprograms	31
404-3	Percentage of employees receiving regular performance and career development reviews		99% – reviews conducted as part of our discretionary proft bonus (captured in internal branch audits)
405-1	Diversity of governance bodies and employees	60, 72
417-2	Incidents of non-compliance concerning product and service information and labelling	30-31
Management Approach
103-1	Explanation of material topics	51-55
103-2	Management approach	8-25, 51-55

116

SECTION Glossary of TermsTitle

Air & Ocean	Distinguishes Mainfreight’s traditional international freight from that moved by land across borders in Europe and the Americas
B2B	Business-to-business transactions
B2C	Business-to-consumer transactions
C&F	Cost and Freight; a term utilised by importers and exporters determining the buying and selling criteria (also known as CFR, CNF)
FCL	Full Container Load
FEU	Forty Foot Equivalent Unit (Container)
FMCG	Fast Moving Consumer Goods; everyday products that sell quickly
FOB	Free On Board; a term utilised by importers and exporters determining the buying and selling criteria
FTL	Full Truck Load
Gearing Ratio	Net debt to net debt and equity
IATA	International Air Transport Association
Inter city	The freight transport between cities
Intra city/Metro	The freight transport within a city known as metropolitan cartage or “metro”
IRA	Inventory Record Accuracy; Mainfreight’s level of IRA measures location count, inventory condition, systems alignment to inventory count, product integrity, total inventory count
LCL	Less than Container Load
Linehaul	The method and mode used to transport goods between cities and countries
LTL	Less than Truck Load
NPAT	Net Proft After Tax
NVOCC	Non Vessel Operating Common Carrier
NZX	NZX Limited (Mainfreight is listed on the NZX Main Board)
PBT	Proft before tax (and before abnormal items)
Retail Freight	The industry segment that Mainfreight operates in
Supply Chain Logistics	The physical movement and management of supplies and fnished product from source to end user
TEU	Twenty Foot Equivalent Unit (sea freight container)
Wharf Cartage	The transport of full containers on and off the wharf
Wholesale Sea Freight	The industry segment that CaroTrans operates in, supplying services to other freight forwarders

117

Directory

Board of Directors

Auditors

Bruce Plested, FCA, Chairman Don Braid, Group Managing Director The Hon. Richard Prebble, BA, LLB (Hons), CBE Bryan Mogridge, BSc, ONZM Simon Cotter, BCom, MAppFin, F Fin Catherine Parsons, BCom, CA

EY EY Building 2 Takutai Square, Britomart PO Box 2146 Auckland 1140

Lawyers

Carl Howard-Smith PO Box 7066 Auckland 1141

Registered & Administration Office

Mainfreight New Zealand

Bell Gully Barristers & Solicitors Vero Centre 48 Shortland Street PO Box 4199 Auckland 1140

2 Railway Lane, Otahuhu Auckland 1062 PO Box 14038, Panmure Auckland 1741 Tel +64 9 259 5500 www.mainfreight.com

Bankers

Overseas Offices

Westpac Banking Corporation 16 Takutai Square Britomart PO Box 934 Auckland 1140

Mainfreight Australia 107 Gateway Boulevard Epping, Victoria 3076 Australia Tel +61 3 9267 7300

Commonwealth Bank ASB North Wharf, 12 Jellicoe Street PO Box 35 Auckland 1140

Mainfreight Americas 1400 Glenn Curtiss Street Carson, CA 90746 United States of America Tel +1 310 900 1974

HSBC Bank One Queen Street PO Box 5947 Auckland 1141

Mainfreight Asia 8F, Tower 2, Magnet Place 38-42 Kwai Fung Crescent Kwai Fong Hong Kong Tel +852 2264 8188

Bank of Tokyo-Mitsubishi UFJ Lv 19, 151 Queen Street PO Box 105160 Auckland 1143

Mainfreight Europe Industriestraat 10/12 ‘s-Heerenberg, NL- 7040 Netherlands Tel +31 314 678 403

Bank of China Level 17, Tower One 205 Queen Street Auckland 1010

ING Belgium Avenue Marnix 24 B-1000 Brussels Belgium

Additional Information

Please visit our website to learn more about us, for investor information, or to obtain an electronic version of this annual report.

Investment Advisors

www.mainfreight.com

Grant Samuel and Associates Ltd Vero Centre 48 Shortland Street PO Box 4306 Auckland 1140

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Share Registrar

Computershare Investor Services Limited Private Bag 92119 Auckland 1142 Level 2, 159 Hurstmere Road Takapuna, Auckland 0622 New Zealand

Managing your Shareholding Online:

To view and update your details including change of address, communication preferences, bank account instructions, IRD numbers, view your current holding and transaction history and view your payment history, please visit: www.investorcentre.com/nz and log in. You will need your CSN or Holder Number and FIN to initially register on Investor Centre, or your User ID and password if previously registered.

General enquiries can be directed to; > [email protected] > Private Bag 92119, Auckland 1142 > Telephone +64 9 488 8777 > Facsimile +64 9 488 8787

Annual Report by

Ripe Creative www.ripecreative.co.nz

Main Photography by

Alistair Guthrie, Snapper Limited www.alistairguthrie.com with assistance from offshore photographers

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 Facebook www.facebook.com/mainfreight

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The Mainfreight annual report is printed on environmentally responsible papers, manufactured using Elemental Chlorine Free pulp from Well Managed Forests. It is produced under the environmental management system ISO 14001, which aims to prevent pollution and achieve continual improvement. Printed with vegetable based, mineral oil free inks.

Chop chop – we’ve got a 100-year journey to get on with!

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AI assistant

Mainfreight Limited — Annual Report 2021

66230_rns_2021-06-25_dc1ff0b5-a1aa-4e4b-a07d-cf4c3907ee3a.pdf

Contents

FINANCIAL SEGMENTS

RETURNS AND RATIOS

Know and stay true to the course.

PERFORMANCE Chairman’s Report

Year 5 Reading 2001-2016: Progress in International Reading Literacy Study (PIRLS)

Year 5 Maths 2019: Trends in Mathematics & Science Study (TIMSS)

“EDUCATION IS THE ENEMY OF POVERTY”

How do we react?

AUSTRALIA AU$m

AMERICAS US$m

NEW ZEALAND NZ$m

ASIA US$m

PERFORMANCE Group Managing Director’s Report

PERFORMANCE Group Managing Director’s Report

New Zealand

Australia

We keep it simple.

PERFORMANCE Group Managing Director’s Report

Europe

The Americas

PERFORMANCE Group Managing Director’s Report

Asia

To Close

There is no place for mediocrity.

Initiatives & Learnings

GROWTH, GROWTH, MORE GROWTH

FATTEN THE NETWORK

LOCAL PEOPLE MAKE THE BEST DECISIONS

CONTINUE CAPEX MOMENTUM

INSURGENCY MINDSET

MAINTAIN INTEGRITY

PERFORMANCE Five-Year Road Map

Five-Year Road Map

FY22 FY23

FY24

FY25

FY26

10-year Snapshot of Growth

Our Global Network

ASIA

425

THE AMERICAS

AUSTRALIA

TRANSPORT LOADING ERRORS

TRANSPORT STATISTICS

TRANSPORT CLAIMS

AIR & OCEAN STATISTICS

INFORMATION TECHNOLOGY

WAREHOUSING STATISTICS

TRAINING STATISTICS

PEOPLE

TEAM NUMBERS

TRAINING AND HR SPEND

With recent changes in supply chain requirements, our technologies will be increasingly valued.

OUR BUSINESS Capital Expenditure

Property and Buildings / Racking and Fit-Out Costs

Information Technology

Plant and Equipment

Thank you to this extraordinary team

A SLICE OF LIFE AROUND OUR NETWORK

NZ

AU

ASIA

MAINFREIGHT HONG KONG Andrew

AMERICAS

AMERICAS CANADA

PEOPLE AND COMMUNITIES Our People

We keep reinventing with time and growth.

Approach to Sustainability

HOW WE CREATE VALUE

OUR RESOURCES

Our Impact

Our Economy, Our Contribution

Our Community, Our Dedication

Our People

Our Future

Mainfreight Limited Annual Report 2021